EP 10 - 2020 Mortgage Crisis & New $2,000 Stimulus Package?

<p>In this episode, we discuss the new and looming mortgage crisis of 2020. We talk in depth on how the current climate is going to impact the housing market, how bank's are going to be more strict in proving loans to home owners, and how this will cause a domino affect and make housing prices go down within the next 2-3 years due to less demand. We also discuss how the no eviction status and home owners option for forbearance on their mortgage is going to contribute to this crisis. </p> <p>We also discuss the new proposed $2,000 a month stimulus package. This package is proposed to every adult over 16 for the next 6 months, with a possible extension of 6 more months if unemployment is still high. We talk about the implications of this being passed and how this will impact the country. </p> <p>Help support us by joining our Patreon! (<a href='https://www.patreon.com/BrokeMillennialFinance'>https://www.patreon.com/BrokeMillennialFinance</a>)</p> <p>Subscribe To Our YouTube Channel: (<a href='https://www.youtube.com/c/brokemillennialfinance'>https://www.youtube.com/c/brokemillennialfinance</a>)</p> <p>Here are the referral links for you to join to get your free stocks:</p> <p>Robinhood: (<a href='https://join.robinhood.com/naveras-a23246'>https://join.robinhood.com/naveras-a23246</a>)</p> <p>Webull: (<a href='https://act.webull.com/i/QNmo8WB8Yzc2/74x/'>https://act.webull.com/i/QNmo8WB8Yzc2/ufl/</a>)</p> <p>Coinbase: (<a href='http://coinbase.com/join/khan_st?src=ios-link'>http://coinbase.com/join/khan_st?src=ios-link)</a></p> <p>Show Notes:</p> <ul><li style="font-weight:400;">Topics for today: <ul><li style="font-weight:400;">Mortgage Crisis of 2020</li> <li style="font-weight:400;">New proposed stimulus package of $2,000 a month</li> </ul> </li> <li style="font-weight:400;">Mortgage crisis <ul><li style="font-weight:400;">Lenders to be more strict (Ask for more down payment, better credit scores)</li> <li style="font-weight:400;">Homeowners opting for forbearance (meaning they'll have to pay the mone