I can see the following 'possibilities'....I'm sure there are more....
Do real estate prices 'explode upwards', because there is always a 'finite amount of land'?
Do real estate prices decline, as 'excess deaths' cause mass vacancies (increased inventory)?
If a loaf of bread (eventually) costs $300,000 (and salaries go up exponentially) - can people then pay off their (fixed) house loans for the price of a loaf of bread? Does that make houses more or less 'valuable'?
Do local/state gov'ts tax the heck out of property, to raise more revenue? (Making 'holding' real estate expensive.) Same with house insurance.
Can banks 'grab' houses from people - even if they can pay their mortgage?
Can the gov't seize property?
Is real estate one of the 'safe' bets?
not an expert, but I think real estate is a 'safe bet'. I still have the property that my grandparents got over 100 years ago; before the depression and WWs. still there & holding its value. As for the mortgages, WHO would enforce the repossession? their foreign call centers? Once their system is overwhelmed, I don't think they'll recover.
I think county sheriffs are in charge of evictions, so, I would guess that of the shit really hits the fan, they would probably be very slow to give a fuck about anyone defaulting on their mortgage. Disclaimer, I'm just a retard on the internet.
Someone would buy the note. Your mortgage gets sold and resold all the time.
agree don't think there'd be anyway they could, or would want to enforce it. be stupid to approach the farmers & try to get their land, especially near hog confinements etc. in red states.
Lol SEND IN THE ...shuffles cards... Foreign Call Center Worker!!!1
audience gasps
yep^ round and round...where we stop nobody knows; really is like a pick your own plot movie; worksheets in school where you fill the blanks.