Residential real estate has been deemed an “essential service” in this COVID-19 economy, but it is clear to active participants that it’s not business as usual.
How will real estate perform as a result of the COVID-19 pandemic?
Real estate will be just as chaotic and unpredictable as everything else you can invest in. The one sure factor to contemplate is that there are not going to be many buyers looking for property to buy with their excess cash.
With the value of gold, bonds, utilities and bitcoin’s crashing, the conventional wisdom of what constitutes a flight to safety is gone.
US dollars are looking like the least unsafe place to stash your extra money for the short term.