Your reality is the reality that matters to you, but is your reaction to the pandemic leaving you with an accurate picture of the possibilities ahead? For too many, the realization that COVID-19 represents considerably more than a short-term inconvenience has slowly set in. The weight of this realization colors all that we do while in isolation. The resulting fear, anger, and disillusionment contribute to “mental fuzziness” that makes even the simplest decisions stressful. Based on what I’ve heard from readers and gleaned from the bombardment of news, social media, and statistics floating about, I’m offering simple, well-meaning suggestions for clearing your head to tackle real estate decisions or to comfortably live with deferred decisions … for now.
During this time of dramatic contrasts, there is not just one point of view on real estate ownership:
- Some individuals and families have lost their jobs or been laid off, so they are struggling to make mortgage payments and maintain their homes.
In contrast, others are still working—often from home—and are wary of what’s ahead, but are not currently in financial trouble.
- Some homeowners, now on hold, were ready to sell their home and move up or cash in their real estate before the pandemic hit.
Read more: You, Covid, and Real Estate