“Right now in the real estate world, we are witnessing what could be the “black swan” event that could quite possibly make an all-new paradigm come forward.”
As the full impact of the coronavirus remains to be seen, some wonder if real estate will be changed forever.
With so many people out of work and supply and demand taking a huge hit across many industries, a big concern is how people will pay their bills, including rent and mortgages.
The cascading effects of the coronavirus are making owning real estate more complicated.
It remains to be seen how much anything will be worth when we come out on the other side of this pandemic, including real estate.
“For real estate owners, the best thing to do right now is be very mindful of all proposals coming forth and understand your current position. Know what may affect the value of your property after things subside.”
Read the full article for some things to consider as an owner of real estate.