Deepak Malhotra, Investor & Landlord, Cheney WA,  99004

Month: May 2020


An ‘Avalanche of Evictions’ Could Be Bearing Down on America’s Renters according to the article below. The economic downturn is shaping up to be particularly devastating for renters, according to the New York Times. Nearly a quarter of respondents to Read more…


https://www.bloomberg.com/news/features/2020-05-28/coronavirus-lockdown-crushed-economies-jobs-energy-and-shops This article provides several graphs illustrating how deeply the coronavirus induced lockdown has crushed economies around the world. We can use this to predict real estate values in 2020 or 2021, at least for properties that don’t have positive Read more…


https://www.marketwatch.com/story/vacation-real-estate-markets-are-toast-because-of-the-pandemic-as-airbnb-owners-rush-to-offload-their-homes-redfin-ceo-says-2020-05-11 The above article indicates that vacation real estate markets are “toast,” according to the CEO of Redfin. Vacation rentals certainly haven’t been rented out during the shut-down caused by COVID-19. Vacation rentals often require high short term rents in Read more…


https://www.dailymail.co.uk/news/article-8315081/Coronavirus-UK-Homes-flood-market-desperate-owners-battle-sell.html The above article indicates that homes are flooding the market in the UK. This information can be used to make real estate predictions for 2020 that are unfavorable, at least in the UK. Their market is not necessarily the Read more…


https://therealdeal.com/2020/05/18/mystery-investor-dumps-big-stake-in-real-estate-fund/ An unknown institution dumped more than 10.5 million shares of an exchanged-traded fund that tracks the S&P 500’s real estate sector last week, according to the above article. That many shares represents 7.4 percent of outstanding shares of the Read more…


https://jurock.com/2020/03/24/oz-buzz-43-2020-what-a-world-we-live-in/ The above article has some real estate predictions for 2020. The author gives reasons why real estate will not crash too badly.


https://www.scmp.com/comment/opinion/article/3077679/post-coronavirus-us-will-want-weaker-dollar-whether-world-likes-it Before COVID-19, President Trump was not a fan of the high U.S. dollar. He stated: As your President, one would think that I would be thrilled with our very strong dollar. I am not! The Fed’s high interest rate Read more…


The Federal Reserve chair, Jerome H. Powell, stated on Wednesday that the United States was experiencing an economic downturn “without modern precedent.” The downturn could permanently damage the economy unless the government provides more bailouts to prevent bankruptcies and lengthy Read more…


https://magazine.realtor/daily-news/2020/05/05/more-banks-halt-helocs Banks have been tightening requirements for loans due to the Wuhan COVID-19 pandemic. Lines of credit are new casualties. JPMorgan Chase and Wells Fargo have announced that they will no longer be accepting applications for new HELOCs.


Ingo Winzer, of Local Market Monitor, winner of the 2019 Crystal Ball award, has some real estate predictions for 2020. He predicts that real estate will not suffer a crash like the one after 2008. Reasons for this is that Read more…


https://www.biggerpockets.com/blog/5-reasons-2020-recession-completely-2008?utm_source=newsletter In this article, the author posits 5 reasons why there will be a post-COVID19 recession that will be worse than the 2008 recession. His reasons are: 1. Statistics From 2008 do not Compare to 2020 YTD The national debt Read more…


Sidewalk Labs, a relative of Google, cancelled its Toronto “smart city” waterfront revitalization project, citing “unprecedented economic uncertainty”. This was supposed to be a futuristic, data-driven city development along Toronto’s lakeshore. Sidewalk Labs previously caused an uproar when it proposed Read more…


This article could also be titled “how to determine if a rental property is a good deal.”  This is also the story of my first duplex, which has always generated positive cash flow.  I had always been interested in real Read more…


If you haven’t heard already, it is harder to obtain financing for real estate purchases. Forbearance is being forced on banks. They are required to let borrowers skip mortgage payments. They can recoup the missing payments with interest later, but Read more…