No surprise here (unless they're blowing up another bubble):
2020 is the summer of booming home sales — and evictionsThe affluent are taking advantage of the cheapest mortgage rates in history to buy bigger homes. Meanwhile, renters face more job losses and fear eviction.By Heather Long
July 27, 2020
For Realtor James Dietsche, there is only one way to describe the real estate market right now: “It’s insane."
A 1950s style three-bedroom home he listed in late June for $200,000 in a small town outside Harrisburg, Pa., received 26 offers the initial weekend it was for sale. Many buyers were young couples seeking a starter home and retirees looking to downsize. But bids also came from Philadelphia, New York City and the Washington, D.C., area. One person was willing to pay up to $50,000 above asking. Several were offering to buy it without inspections.
While Dietsche’s cellphone has been ringing with eager buyers, Tammy Steen’s phone has been buzzing for a different reason. Her landlord keeps calling demanding the $700 rent she does not have. Steen, 52, was a hotel housekeeper at a Hampton Inn in Pensacola, Fla. Her temporary layoff now looks permanent. She has yet to receive unemployment aid despite applying in late March. She has applied to countless fast food, retail and maid jobs but has not been hired. She has started selling hot dogs on the side of the road to beachgoers, praying she does not become homeless.
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https://www.washingtonpost.com/business ... ronavirus/
Dietsche, who is also a mail carrier, says he has been delivering a lot of forwarded mail for people relocating from major cities. Some are deciding to stay, figuring they can travel a day or two a week to a big city, if needed.
James DietscheCan’t help but wonder if Dietsche uses other information he compiles as a postal carrier to further his booming real estate sales.
The greatest sin is to be unconscious. ~ Carl Jung
We may not choose the parameters of our destiny. But we give it its content. ~ Dag Hammarskjold 'Waymarks'