I think there will be some redistribution
Posted on: April 3, 2020 at 21:48:13 CT
615Tiger STL
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There is speculation some if the Airbnb super-owners maybe in trouble if they have mortgages on multiple properties that are not bringing in enough income for several months and they have to liquidate. That would put a lot of property on the market in desirable areas.
But with interest rates so low, it seems to me that apartments buildings could be a risky investment since residents may not be able to pay their rent and others may find houses to be a more reasonable option.
It is hard to see houses as the bust here with interest rates so low.