The State of the Union in Real Estate

<p><span style="font-weight: 400;">In this episode of the Forever Cash Podcast, Jack shares the State of the Union in Real Estate, land investing in particular. He tells us what’s going on in the market right this minute and forecasts what things will look like in the coming months.</span></p> <p><strong>A Global Pandemic: One Year Later</strong></p> <p><span style="font-weight: 400;">It’s been a year since the U.S. shut down in response to the global outbreak of Covid-19. Immunization is proceeding slowly but surely. Leading experts say we’ll hit herd immunity in April or May 2021. This means:</span></p> <ul> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Infections will go down</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Restrictions will get lowered</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">States (and countries) will open back up</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">People will return to work</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Travel will resume</span></li> </ul> <p><span style="font-weight: 400;">We’ll get back to a halfway-normal economy, but we have a lot of catching up to do, especially in manufacturing. There will be a short-term boom in blue-collar work. Because of the stimulus money, increased unemployment money, the foreclosure moratorium, and another big stimulus on its way, there will be a floodgate of money coming into the market.</span></p> <p><strong>What’s In Store For the Housing Market</strong></p> <p><span style="font-weight: 400;">The pandemic has affected the real estate world greatly, and it will continue to have an impact. Let’s start with the housing market. People living in houses don’t own them free and clear. They have to make monthly mortgage payments. They can only make those payments if they have jobs. They only have jobs if the economy is open.</span><