Are some people not paying rent and saving that for down payment?

Apr 14, 2021
8:59:30pm

Xenon All-American

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

Bio page: Xenon
Joined: Jan 24, 2003
Last login: Apr 25, 2024
Total posts: 13,626 (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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