The video below covers both sides of the concerns about home values plunging because of their effects of the pandemic on the economy.
Suze Orman’s says don’t buy a house (Boston condo for sale) until later this year because there could be foreclosures, and the counter point argues that the CARES Act already gives those in forbearance at least 6-12 months.
It should be noted that the rules changed after the last crisis, and now lenders don’t have to foreclose – which makes foreclosure an option, not a requirement. It’s a huge change that Suze doesn’t see.
Our society is now geared to take advantage of other people’s misfortune, so insiders will pounce