The Investment Thread

DaveXA said

I don't know. There are a lot of people way behind on rent payments, and all of the easy money hasn't really made that much of a dent in that problem. The moratorium date is quickly approaching and I wonder how that's going to pan out.

And housing is already starting to simmer down just a bit. Maybe it's localized, but there are a lot of homes on the market right now. We just made an offer 10k below list and the seller took it without a counter. I was a bit surprised tbh. So we'll see how it goes.

Just a thought anyway.

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Congrats! What area you find a place? Our market is weird. DC and VA inside King St are crazy. But you cross the Anacostia, King St, or into MD and things get better.

There’s $45B in rental assistance being pushed out nationally. DC is offering to pay 12months of back rent and 3 months of future rent for people impacted by Covid. The big landlords will be fine. The rate drops and appreciation in this market made it so small landlords who held for several years could cash out refi and cover a mortgage for a year. I don’t think there’s going to be a glut of SFH housing come up. Apts with 1-2 beds are going to be offering deals to get bodies.