Close all the building departments. Then we can build baby build
He pledged to help both the French economy – with a €300bn (£273bn) package, saying “not a single firm will go bankrupt” – and French households, promising that all gas, electricity and heating bills and rents would be suspended throughout the crisis.
Err… did Macron suspend mortgage payments as well? Hopefully he meant rents paid to the state?
Got this email from one of my property managers:
We wanted to take this opportunity to keep you informed of the ongoing changes due to COVID-19. As we are sure you are aware many of the small businesses and hospitality industry are closing and or working with limited staff and or limited hours.
Many of our residents do work in these fields and depend on these jobs to be able to pay rent. We are staying as informed as we can and as we receive updates from the state/government we will work on keeping you informed as well.
We are also following State, Local and Federal government restrictions that may prevent evictions during this time frame.
We anticipate that because of these closures we will have residents that will not be able to pay rent or all the rent in April or even May.
We understand that this is a hardship on not only for the residents but you as an owner. We will keep you informed as we receive these updates and if you have any questions or concerns please reach out to your local Property Manager.
Now, you see whether tenant or landlord, cash is the king !
If tenants have 6 to 12 months of savings, they will be able to maintain rent and seek for some job.
If landlord has sufficient cash reserve, they will be able to absorb the shock during the government forced non-eviction periods.
I told my property mger to put the house on hold. No rush renting it out. never know what’s gonna happen to the tenant you know
This is turning into a leftist utopia to push the agenda.
Unfortunately in bad times either communism or fascism rear their ugly heads.
I declared Elite of California in terminal decline a long ago.
I came up with a new slogan. Keep going left and there will be nothing left.
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In the middle of 2 refinance process (got conditional approval and provided all docs) with BofA.
Haven’t heard any change yet from BofA but not sure what’s going to happen.
Anyone else in the middle of refinance?
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Not become right?
I am …appraisal was scheduled and then cancelled due to shelter in place …
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I asked my Googain loan agent last night about appraisals. He said lenders will find appraisers to do the work so refi goes on. Some appraisers will stop working but there will be some who will continues so it’ll probably take longer to close.
I finished my cashout refi 2 weeks ago. Rate wasn’t great but I am glad I got it done at the right time.
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I’m still working on cash refi right now. Things might be slower but should continue.
I took the balance out of my HELOC and will refinance primary when rates are favorable.
Are rates That bad? Are you guys talking about your primary?
If I can get my properties to just the 4% range, I would save a ton of money already!
Redfin is shutting down open houses.
Hello,
To protect the health of our customers, agents and communities, we’re canceling open houses for all homes listed by Redfin’s brokerage, and limiting private in-person tours of all listings to two customers per tour. We’re still serving thousands of buyers and sellers each day, but with new rules and new technologies.
We’ve Spent a Decade Preparing for This Day
No brokerage has invested more in preparations for virtual open houses, virtual tours, virtual contracts and closings. The coronavirus has just made the future we’ve been preparing for come sooner.Three-Dimensional Scans on All Homes Listed by Redfin.com
Our listing customers shouldn’t worry about canceled open houses. Since we publish interactive, three-dimensional scans of all homes listed by Redfin agents, buyers can still explore every nook and cranny of a home for sale without creating a public-health risk. We run a digital-marketing campaign for every listing to bring plenty of folks through your home online.Video-Chat Tours of Any Listing, Including Homes Listed by Other Brokerages
Homes listed by other brokerages can be toured in person or virtually, via a video chat. On a video-chat tour, a Redfin agent broadcasts what we see on a walkthrough of the home, responding to your requests to pan left or zoom in. Schedule the tour as before, but follow the online prompts to ask for a video-chat tour.Precautions for In-Person Tours
We’re still also hosting in-person tours of listings, but with precautions to protect your health:
Virtual tours for anyone with a sniffle : no one should tour with cold or flu symptoms. If you’re sick or might be sick, just ask for a video-chat tour.
A healthy agent : because our agents work in teams, if one agent has a cough, we’ll find another to host the showing.
Avoiding close contact : Redfin agents won’t ask customers to shake hands, staying six feet away from you throughout the tour. We won’t enter small bathrooms or crawl spaces.
We’ll Be Straight With You Through the Ups and Downs
We’ve also been publishing weekly real-time data on sales activity from buyers and sellers and surveys of consumers and agents. Because Redfin runs a website and a brokerage backed by one enormous customer database, we know before almost anyone else what’s happening to demand. And because we’re Redfin, we’ll be straight with you about what we know.Over the Past Few Days, The Housing Market Took a Hit
Demand held up surprisingly well until the stock-market panic on Thursday, March 12. But with measures to slow the spread of coronavirus expanding to more cities, we expect that this Wednesday’s report will show a big drop in activity. Some buyers will see this as an opportunity to get the home of their dreams at a good price, with historically low mortgage rates. Others will wait until the end of the recession that has almost certainly begun.We’re Here for You
We’re still a small business, and a service business through and through. We’re taking care of our agents, with health-care benefits and now much higher levels of base pay for people who are sick or at home with their kids. Now more than ever, we need to take care of you. If you have a question, please respond to this email or visit support.redfin.com.Stay healthy! And thank you for your support,
Redfin
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Ever thought about switching from to SFH to CRE?
they’ll put a law in, cannot leave commercial empty, if empty more than a month, gotta let homeless to live in, something like that…