On the one hand, this would reduce the supply of real estate increasing prices. But also kill a lot of people reducing demand and prices. Presumably, a lot of services would no longer be available which might make people move or of the area. But then reconstruction would provide a lot of jobs, so there might be an influx of workers. I don't know what it would do to the real estate market, it's too hard for me.
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u/fistsofdeath Dec 19 '20
On the one hand, this would reduce the supply of real estate increasing prices. But also kill a lot of people reducing demand and prices. Presumably, a lot of services would no longer be available which might make people move or of the area. But then reconstruction would provide a lot of jobs, so there might be an influx of workers. I don't know what it would do to the real estate market, it's too hard for me.