Many REITs got hit hard with COVID, many still aren't paying dividends (especially those based on retail/commercial investments).

Meanwhile, the National Retail Federation reported that the number of in-store shoppers on Black Friday dropped by 37%.

I scrub the list to remove things like properties with a mortgage, duplicates, etc. and spend a tremendous amount of time on pricing, because although these offers may be a lot less than retail, they are not out of the question.

. — consumers are spending more on Goods (laptop, workout equipment, appliances, etc.) in addition to saving their money for the unknown.Online retail sales is a notable reference outlining the uptick in “Goods” spending with a +2.7% YOY increase in spending.(2)People are also spending more money fixing up their houses, which is putting strain on supply of materials pushing the price of lumber and other building material up.Austin’s Real Estate & Economic Landscape Doing Okay?

We scrub the list to remove things like: properties with a mortgage, duplicates, etc. and spend a tremendous amount of time on pricing, because although these offers may be a lot less than retail, they are not out of the question.

I just purchased a new construction home as a buy and hold rental property and am very happy with it.Builders almost always offer incentives which typically include covering closing costs and sometimes even pre-paids therefore it helps allow for less cash to close although down payments are higher at retail.

At the same time, I understand that rents would decrease during the pandemic due to the lost wages of the prospective tenant pool who is likely skewed towards retail, hospitality and other industries affected disproportionately by the COVID economy.

Northwest Austin’s booming tech corridor is about to grow even more.A 129-acre office campus adjacent to Apple’s $1 billion office campus, currently under construction on West Parmer Lane, plans to add 800,000 square feet of office space, along with 1,800 apartments, 80,000 square feet of retail, and a 340-room hotel.The existing office campus, called 7700 Parmer, is currently occupied by A-list tech tenants such as PayPal, eBay, Electronic Arts, and Polycom.

Let's look at the risk THEIR end buyer picks up, flippers sell their final projects to what are commonly known as retail buyers, a buyer who buys a peace of real estate, usually fully renovated, at full market value.

Retail for example is not a class I would invest or engage otherwise: even beyond covid there is no recovering from amazon.