Home Values

Hi Friends,

One reason the US stock market has done so well is that home values have remained strong or gotten better - even in the midst of high unemployment and the pandemic.

I figured there would be more defaults and foreclose activity in the homeowners market but the prevalence has not been significant or at least the media has not been pushing the stories for the forefront. There seems to be adequate demand still so, with home values still strong, there are sufficient buyers in the case of someone underwater with no job who then needs to sell. Had there been more defaults, the banks and lenders would begin struggling, there would be excess supply driving down prices, and people would be spending less given their net worths are going down.

So, I took the time recently to make sure my home value stays good - painting. Lol. I had a couple of support beams to a carport that were looking bad so I decided to paint them:

Before:

After:

A cheap way to improve a home’s value.

Thanks for coming by,
Brian