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Apr 14, 2021
8:59
:30
pm
Xenon
All-American
Are some people not paying rent and saving that for down payment?
If you don't pay rent for year, that could be a pretty good downpayment for getting into a house?
Might there be a surge of people trying to buy when they get evicted?
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Xenon
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Xenon
Joined
Jan 24, 2003
Last login
Jun 15, 2024
Total posts
14,147 (4 FO)
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Messages
Author
Time
I suspect that once the eviction moratorium ends we will see RE prices drop
Ssebo
4/14/21 8:47pm
I actually no longer think you will see prices drop, the Fed will prop up the
Nat Gas Man
4/14/21 8:49pm
My question is are rising prices due to shortages (supply/demand) or inflation. Or a mix of both?
Probable Sacko
4/14/21 8:54pm
mixture of a myriad of things all at the same time. Demand because people are
Nat Gas Man
4/14/21 8:59pm
Are some people not paying rent and saving that for down payment?
Xenon
4/14/21 8:59pm
I used to run an anti-fraud task force in business. If there is a way for
Nat Gas Man
4/14/21 9:01pm
I thought rent still had to be paid but it could be delayed... the total sum
kotacoug
4/14/21 9:13pm
You wont qualify for a mortgage with that on your credit.
rad dawg
4/14/21 9:15pm
There was a report a couple week ago about 250 billion in hedge fund money that
IUCougar
4/14/21 9:10pm
The banks will sell that bad paper in large groups
Nat Gas Man
4/14/21 9:12pm
My banker just posted on linkedIn. "The window of opportunity for distressed deals is closing before it really opened"
HarlemCoug
4/14/21 9:30pm
I don’t think so. Employment is high. People have cash.
Memmo
4/14/21 9:38pm
and banks have cash - so they can afford to be patient with borrowers who need a little more time to get caught up.
HarlemCoug
4/14/21 9:50pm
Assuming they actually can’t afford it.
Memmo
4/14/21 10:35pm
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