So far in the last few years we've seen real estate become less affordable for the average person and while price reductions have been more prevalent in the pandemic "boom markets" many people have been surprised to see how resilient the housing market is.

It will cost a fraction of the amount of a needless price reduction.

Expensive markets are mainly an appreciation / principal reduction/ tax benefits play

I was then told that they may be willing to sell to me at $260k (so obviously they had at least $20k in mark-up at their OG price, which by the way is fine if the deal had a good spread, this one was bare)With that reduction in mind, I went to the property.It was very close to the freeway and the freeway noise could be heard quite loudly from the yard and slightly from the inside with all doors closed.

I picked it up after 4 price reductions and the owner had already moved out of state.

@Juan Abreu you’re playing with fire for owner occupied properties for use with rentals because if you apply for the homestead discount (reduction in taxable value of your home) for Ooc homes loans look for that sort of thing and can deny you based on that.

Everyone and their brother will come out of the woodwork now to sell you the next app, website or miracle pill that will make you an overnight success. 

Are any Hudson Valley / Upstate New York landlords receiving rent reduction requests from their tenants as a result of COVID-19?

Some actually got reductions. 

I have beenshowing it for almost 3 weeks now, and I figure that the reduction inrent will be offset by getting tenants who can meet the requirementin sooner.