Both of these will drive the prices down over time.Once we get into a 5-6 months supply of inventory from our current, pre-crisis levels - then the type of conversations listing agents have with sellers would have to change.

your 88k can yield a better rate of rental return there, i would only consider vegas if you're also eyeing on appreciation as well - but that may be vanished now, due to the crisis for the foreseeable future 💁‍♂️Don't get me wrong, im still buying here (looking at a 100k condo tomorrow morning actually), but mostly for a flip - not surr this would also work ad a hold. 

I strongly suspect the market will stabilize and continue to grow once the crisis has passed in the coming months. 

Falling only 1.9% in housing crisis. 

With the current coronavirus lockdown crisis, I'm curious to hear who (landlord and/or tenant) is using this strategy and how you are handling the sudden shift. 1) Arbitragers, are you sub-letting to long-term tenants?

“During this crisis, these protections will allow residents to stay safe at home, while prohibiting landlords from charging late fees or interest for nonpayment and provide a buffer for the next couple of months,” Governor Lamont said.

Some assistance includes, for example, waiving fees on late or missed credit card or loan payments, extending payment due dates, and providing small business loans to small business members during this crisis.

And with interest rates at rock bottom, it's a pretty good time to take on a conventional mortgage (so long as your employment is secure in the midst of this COVID crisis).

And as you work through kinks in the deal, the integrity of the people you are dealing with may also become critical, especially in a crisis. 

@StephenKeighley thanks for the info I think I may have spoken with Braden Smith about that before I will reach back out with him to see when is the next NOREIA event when the virus crisis past thanks again.