What are your thoughts about another stimulus package as Congress debates? How would it affect your business?
Answered by:
Kathy Bond
Re/Max Marketing Specialists Kathy Bond, Mitchell Blvd Trinity FL
13 Questions answered
Answered on October 12th, 2020
My concern is where this money is coming from? and what is it doing to the country's budget?
Real estate is not hurting from covid19, it's a sellers market and inventory is low. Prices are getting higher which is a concern for first time buyers and lower paid employment, but increasing the minimum wage should be first on the list of things to be done.
2 Replies
John Barenz
from Omni Minerals LLC
The world has been and still appears to be awash in savings, one big reason interest rates on U.S. Treasury debt–and debt of many foreign governments–were so low before COVID-19 hit. This suggests that there is ample room to increase borrowing now at a relatively low cost. That said, I think they are just printing more money.
Michael F Doherty
from The Ultimate Install
Commercial RE is not a sellers market. Home sales yes. But CR is and will get crushed because we don't need as many malls, strip centers, or office towers.
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