They can’t build their way out as too many residents and city officials hate anyone who doesn’t live there already or at least want to live in an existing house.An “entry level” house will be a million dollars within a few years. 

The Consumer Financial Protection Bureau announced a new rule today to prevent a wave of foreclosures due to coronavirus.Here is a summary from the New York Times:“In most cases, lenders will only be allowed to foreclose on a home if it is abandoned, if the borrower has not responded to messages for at least 90 days, or if the borrower has been formally evaluated for all available “loss mitigation” options (such as a loan modification) and none are viable.Servicers will also be allowed to proceed with foreclosures for borrowers who were already 120 or more days delinquent before March 1, 2020.The new rule also allows mortgage servicers to more easily offer some loan modifications so long as the changes do not increase a borrower’s monthly payments or extend the loan’s term more than 40 years beyond the modification date.”Nice for current homeowners but with the current high prices and low inventory, anyone hoping for a wave of foreclosures or crash may be waiting awhile. 

The market comeback coincides with the much anticipated announcements from local Universities regarding remote learning in the Fall.  

HelloI found a warehouse and we want to make the lease official and have a contract.

The way the business is being ran is very illegal and full of liability ( two forms of discrimination; harboring criminals, no official leases etc).

Since schools announced the return of students for Fall 2021, the market has corrected and the vacancy rate is down to a much more manageable 2.3%. 

The way the business is being ran is very illegal and full of liability ( two forms of discrimination; harboring criminals, no official leases etc).

See my location in my profile on this post.KBI announces the arrest for May 16th murder case (wibw.com)

@Marty BoardmanMoody Analytics just announced 344 US markets are overvalued by 10%, compared to only 261 in 2007.

PS wait til MSM announces RECESSION in a week LOLPanic SellingForeclosuresPrice CutsLayoffsBKsfollow me on LI if you want data!