[quote=svelte][quote=Reality]
Mortgage forbearance will end at some point. So will eviction moratoriums. What will be the fallout to commercial real estate with so many companies transitioning to remote work? [/quote]
These are the things that are contributing to the current rosy stock market picture and have me questioning what will happen in 2021.
Here in San Diego we lose sight of our area not being typical. In large swaths of the United States, jobs have historically been hard to come by and many people just scrape by financially each month. Put a multi-month or now even approaching a one-year hiccup in that and when all the protections are stripped away it could get very ugly. Very ugly indeed.[/quote]
One thing i think that mitigates this more here but most places is that the low wage services industries were the hardest hit. The higher wage professional jobs were more likely to be furloughed a few months then back or WFH. The former is mostly the renter class while the later more likely to be homeowners. Generally speaking I am more optimistic on residential mortgage market. Who we really need to worry about and help are those on the bottom as always. Ive been tipping everywhere 25% since April and giving to every charity that asks.
