"On paper" this looks good @gualteramerelo, but it overlooks some fundamental "structural" issues. One of those being that real estate investment companies may keep buying properties keeping the price UP, but who's going to actually live in the houses/apartments when millions of people have either lost their jobs or have reduced income due to furloughs, or their jobs are hanging by a thin string?
One thing I do see happening here is a major shift between "home ownership" and people renting from mega corporations that hold portfolios of thousands of properties. That could have dire long-term implications for the economy... homeownership is typically people's largest investment, and if you spend 20 years throwing money at rent, you have nothing at the end, while 20 years of mortgage payments give you an ASSET in the end.
=^..^=
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@curatorcat.leo You are absolutely correct about the dire situation this housing pressure is going to put on the middle class and it will essentially wipe out the ability for the lower class to ever own real estate.
As far as the "structural issues" in the article, it's pretty accurate in regards to being able to find tenants, because the government has already passed plans to increase the amount of housing subsidies they will be issuing as well as the consideration of "UBI" or Universal Basic Income.
Essentially the government is going to become the tenant of the future and the landlords will be providing housing to people more heavily. We've seen a taste of what the government does during the pandemic when peoples housing is threatened and we can assume they will likely protect housing and the banks further in these upcoming months.
Either way I think you are right. The situation is very bad for anyone who doesn't have the ability to pay for their mortgage OR for landlords who don't have the ability to remove and replace their tenants fast enough with people who have figured out how to get the money. Very interesting times are coming and it will create opportunities of all kinds. I know I am ready to start collecting rent in crypto and silver, lol
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