Unemployment is rising. And I’m not just looking at the numbers being reported. I’m looking at all the unemployed that can’t refile b/c their unemployment expired. I’m looking at those who were self-employed that can’t file. I’m looking at those under the table that can’t file. I’m looking at store owners closing shop that can’t file.
The number is much greater than reported. That’s not counting people who are reduced to part time that can’t file, but have reduced income now, those that are furloughed that have reduced income.
So prices are reduced and deals are out there. Who is going to buy if you are unemployed and/or making less money and/or maxed out w/student loans, car payments, credit cards, etc.
I’m not saying no one has money. I also see the other end. I see some people that pulled out 600k+ on a place they bought for in the ’80’s that have NODs that are sitting there rent/mortgage free for the past year and cash somewhere. But that’s a smaller percentage.
