Real Estate Market Challenges (let’s talk about vacation homes and second mortgages …)
Imagine a science-fiction movie – or computer program – designed to model behavior when changes are introduced. The Matrix, The 13th Floor, and A Sound of Thunder are but a few of several such examples where a small historical change gave rise to significant future consequences. And now you’re a programmer interested in seeing how people will react economically to a health crisis. The pandemic strikes. Will people change their behaviors – and if so, how? With the COVID-19 pandemic, there was immediate panic: the stock market lost 35% in the early part of 2020. Emergency laws were enacted, and…
