Pacific Beach Real Estate Market Update – Coronavirus part 2

Nicole Friedman, a real estate news reporter from the Wall Street Journal recently asked me how the Pacific Beach real estate market is doing, amid the Coronavirus pandemic.

She read my initial prediction and was curious about how quarantine has affected the residential real estate market of Pacific Beach, a neighborhood with many short term vacation rentals.

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How will Coronavirus affect the Pacific Beach residential real estate market?

With vacation homes empty, long term tenants and homeowners becoming unemployed, will Pacific Beach home prices plummet because of Coronavirus?

Or, will residential real estate – one of the few human necessities (shelter, and now work space) – have an increase in demand?

In this article I will discuss my thoughts on how Coronavirus, and it’s affect on the economy, will affect the Pacific Beach residential real estate market in the near future.

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Coronavirus: Do I still have to pay my rent this month if I live in San Diego?

Both tenants and landlords have most likely heard some buzz in the news about rent, evictions, and the government efforts to help those affected by COVID-19. In this article we will answer some common questions about Coronavirus and how it may affect you.

Do I need to pay my rent?

“Tenants must demonstrate a substantial decrease in income or medical expenses caused by COVID-19 in order to qualify for a delayed rent payment. It will not relieve a tenant of their requirement to pay rent or restrict a landlord from recovering rent at a future time.”

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