#13 Unemployment
Historically 60-65% are aged under 24 (less than 3% homeownership rate)…Unemployment? Foreclosure
#12 Unemployment related foreclosure:
a. 12 months forbearance
b. Enough equity
c. Can be sold before foreclosure
11. E-commerce
More job opportunities than 2008
10. Industry change
Industry shit is coming
9. Oil price
$160/barrel high in 2008
$20/barrel low in 2020
8. Resilient/adaptive Americans
and America is a rich country
7. Location dependent
ex) Portland Metro Areas
Intel = We need Tech
Nike: We need motivation/exercise
OHSU: We need medical care
Needed more than ever…
Urban area price dropping & Suburban/Rural pricing going up
#6 We want bigger homes
After dealing with the pandemic
#5 No bad loans like sub-prime or interest-only loans
#4 Home price not as inflated as 2008 (inflation-adjusted)
Higher rental price supports real estate value
# 3 Government bailout for people
Financial crooks vs people in 2008
Natural disaster (virus) vs people in 2020
#2 Low interest rate (3-3.5%) in 2020
#1 Very high demand (less than 3 months inventory)
Enough equity built
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