If the courts allow counties to set their own timeline when to resume evictions, San Francisco and Santa Monica might wait 6 more months. Landlords not collecting rent and unable to evict will become distressed especially if they have a mortgage on that property. It may present a buying opportunity more so in some counties than others, from an investor point of view. Whichever county or city waits the longest to resume evictions will be less favorable to investors and REITs if the next county over is evicting non payers. It might be the next fire to run into, who knows, those Santa Monica rentals might have a window where they are at a discount, not a crash. Or it may be a disaster and they might like the new “affordable housing” but I think it will be a short window. Then again, I’m not going to get cocky because I got lucky on my recent stock prediction. There will be some shifts, I just haven’t figured them all out. But times like these usually present some opportunities. I’m watching Seattle as a canary in the coal mine for clues.
