Page 12 - Stuart Exposure - October '20

Page 12, Stuart Exposure

real estate

Treasure Coast through the end of 2020. The result of that, plus the Some sellers however are taking advantage of the

Real Estate Report previous state moratorium, has many landlords not getting market by selling now, while it is a strong seller’s market.
the income often needed to pay their mortgage or keep up Then, rather than trying to find another existing home,
Will The Eviction Moratorium with repairs. Even when the moratorium ends, landlords they are buying new construction where there is a lot to
Disrupt The Housing Market? are going to have trouble finding suitable tenants. choose from. So, as one buyer asked me: “If it is such a
There may suddenly be plenty of people looking to strong seller’s market, why aren’t more people selling?”
By Jim Weix rent, but they will have eviction and money judgements on While doing my daily phone calling, I found these to
As any buyer will tell their record. Some predict that the end result may be that be the top reasons, which you may find interesting:
you, trying to buy a home landlords decide to simply sell their property, particularly 1. I don’t want a bunch of people coming through my
right now is a nightmare. if it is a single-family home. This could result in a new home during the COVID-19 pandemic.
The inventory of existing supply of homes hitting the market. 2. One member of the household lost their job or
homes for sale is at record Although it is doubtful that home prices will go down, business, so financing another home would be unlikely.
lows. What is out there is buyers may find that they finally can find a suitable home 3. I can’t find another home that I like.
often not selling because it is to purchase. Those looking for a bargain, may also find that 4. I just refinanced at a lower rate.
overpriced, needs too many some of these homes need some maintenance, since the 5. I’m waiting until after the November elections.
repairs, or is in a bad location. landlord may not have had the income to keep up with repairs. Last but not least was my favorite: “I’m waiting until
When a properly priced home Of course the whole COVID-19 pandemic, civil my underground bunker is finished.”
in good repair goes on the unrest, and the November elections make it difficult to Jim Weix is a broker associate with The Keyes
market, it often sells in a day, sometimes above the asking predict what the future housing market will be. One seller Company. Jim has 24 years of experience selling real
price. But this may change in 2021. listed his house with me and told me that he is buying an estate full time. If you have questions or want the services
The Centers for Disease Control and Prevention underground bunker in the Upper Peninsula of Michigan. of an experienced expert, you can reach Jim at (772) 341-
(CDC) recently enacted an eviction moratorium, effective I think he was joking, but his home sold in three days. 2941 or jimweix@jimweix.com.
trivia

I Didn’t Know That ... Bet You Why Was Steve Jobs Fired From Apple? A 1973 Joke Told By Johnny Carson Was Blamed For A
In 1985, Steve Jobs was fired from Apple, the company
Nationwide Run On What Product?

Didn’t Know It Either he helped to create. There was a disagreement between In 1973, Johnny Carson helped spark a run on toilet
Jobs and Apple’s then-CEO, John Sculley. Jobs wanted paper when he joked about a shortage. With an audience
Fascinating trivia facts to drop the price of the Macintosh and focus more of the of roughly 20 million viewers, Carson’s mention activated
compiled by Stanley advertising on it, instead of the Apple II. At the time, a national panic. Absolute madness ensued. Millions of
Morgenbesser Mac sales were not doing well, but Sculley blamed it on Americans swarmed grocery stores and hoarded all the
the software, not the price. Apple’s Board of Directors toilet paper they could get their hands on. The empty
What Does “O’Clock” sided with Sculley and Jobs was let go from the company. shelves seemed to support the claim that there really was
Stand For? Even though he was forced out of his own company, he a shortage. In the aftermath, Johnny Carson received the
The term “o’clock” is a took it as a blessing in disguise and in 1997 rejoined the blame for propagating the shortage myth and issued an
contraction that has become firm as the CEO. He later said that the feeling was very apology on his talk show.
more famous and used than liberating, and was the most creative period of his life.
its original form, which
was “of the clock.” The Trivia on page 13
practice of saying “o’clock”
is simply a remnant of simpler times, when clocks weren’t
very prevalent. So to distinguish the fact that one was Upgrade Your
referencing a clock’s time, rather than something like a
sundial, as early as the Fourteenth Century one would
say something like, “It is five of the clock,” which later
got slurred down to “five o’clock.”

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Answer for

Crossword Puzzle

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