So, I seem to be in a situation where I may be looking for a new apartment shortly after this coronavirus shutdown ends.
Fortunately, I still have a job. In fact, my job got switched to working from home. I'm getting a little scared by how slow it is at work, though, but we're still getting paid, we have a new contract that's coming up soon and I have a feeling that when there's less general pressure on the medical field, we'll have a huge, influx of business with plenty of overtime available (at least for a while).
But.... if I'm going to be looking for a new apartment after things stop being shut down, what should I expect? We're in for not just a recession, but a MAJOR economic depression. I mean, there will be millions of people who just recently lost jobs and haven't been able to pay rent for a month or two. And landlords probably won't be able to evict them since courts are closed (at least that's what's happening here in Oklahoma). But when the courts open up, will the eviction floodgates open? I suspect a lot of people will simply turn to some form of cohabitation in an effort to save money. There's going to be a governmental response, but since this is a pretty conservative state (Oklahoma) and republicans are in control of the federal government, the response will probably be some kind of handout to landlords while renters won't get squat. And the question I'm trying to figure out is this: will rent prices go up or down or remain roughly the same?
Fortunately, I still have a job. In fact, my job got switched to working from home. I'm getting a little scared by how slow it is at work, though, but we're still getting paid, we have a new contract that's coming up soon and I have a feeling that when there's less general pressure on the medical field, we'll have a huge, influx of business with plenty of overtime available (at least for a while).
But.... if I'm going to be looking for a new apartment after things stop being shut down, what should I expect? We're in for not just a recession, but a MAJOR economic depression. I mean, there will be millions of people who just recently lost jobs and haven't been able to pay rent for a month or two. And landlords probably won't be able to evict them since courts are closed (at least that's what's happening here in Oklahoma). But when the courts open up, will the eviction floodgates open? I suspect a lot of people will simply turn to some form of cohabitation in an effort to save money. There's going to be a governmental response, but since this is a pretty conservative state (Oklahoma) and republicans are in control of the federal government, the response will probably be some kind of handout to landlords while renters won't get squat. And the question I'm trying to figure out is this: will rent prices go up or down or remain roughly the same?
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"If you cling to something as the absolute truth and you are caught in it, when the truth comes in person to knock on your door you will refuse to let it in." ~ Siddhartha Gautama
"If you cling to something as the absolute truth and you are caught in it, when the truth comes in person to knock on your door you will refuse to let it in." ~ Siddhartha Gautama
