Housing Crisis Part 1

The beginning of the real housing crisis.

“At the same time, wages have stagnated dramatically. When adjusted for inflation, a 2018 hourly wage has about the same purchasing power as it did in 1978. In fact, the average 1973 hourly minimum wage (just over $4) would be equal to about a $24 average minimum wage today. Instead, today’s federal minimum wage is just $7.25.”

https://www.businessinsider.com/how-corporate-landlords-helped-drive-the-covid-evictions-crisis-2021-3

Corporations owning more rental properties and units than ever before.

The beginning of the real housing crisis.

“At the same time, wages have stagnated dramatically. When adjusted for inflation, a 2018 hourly wage has about the same purchasing power as it did in 1978. In fact, the average 1973 hourly minimum wage (just over $4) would be equal to about a $24 average minimum wage today. Instead, today’s federal minimum wage is just $7.25.”

https://www.businessinsider.com/how-corporate-landlords-helped-drive-the-covid-evictions-crisis-2021-3

My introduction to Real Estate and a pandemic.

I have the fantastic opportunity to work for a great Real Estate firm in Silicon Valley.

And……. a time of a pandemic which reduces the in person interactions that drive Real Estate.

I’m not going to sugar coat things, the market might be rough over the next few weeks. It’s more important that I get a pulse on the community than pass out fliers. If you have any questions or need to chat, I am here for you. Feel free to to text, call, or email me adam@pamshomes.com

Adam Moura

DRE Lic 01866231

925-750-8226

https://pamshomes.com/FeaturedListings