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GoLocalProv | A Hard Rain's Gonna Fall: Guest MINDSETTER™ Hellman


Sunday, May 09, 2021
 
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On Wednesday, a federal judge threw out the moratorium on evictions. I am sure that it will be reinstated soon. It has to be. Because when it ends the devastation will be incredible. It is this moratorium, and the one on foreclosures, that have made the current overheated market resulting in the highest prices ever In real estate for both buying and renting. And despite what you read on GoLocal and almost everywhere else. It will not last. It will crash hard and painfully to the whole country.
I know of the historical interest rates, but those cannot be maintained in the light of inflationary pressures. I know there are billions going to help distressed people. It will not be enough. When you fall behind in both rentals and foreclosures, the fees in all such contracts are a ruinous insult to injury that in the best of times make it incredibly hard to dig out. ....

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