Negative Interest Rates May Be Happening – This Is What To Expect If They Do – Cheaper Loans And Higher Bank Fees

Negative interest rates are something the United States has never seen before, I repeat never have seen or done before. When rates dip below 0, there are three things that generally happens. One major effect of negative rates, is banks will have to pay you to take out a loan. This is one thing I’m looking forward to as a real estate investor, because I’m currently paying 4 percent interest on my $111,636 mortgage that I owe. Which is historically low, a couple years ago you couldn’t get an mortgage rate lower than 15 percent! However these rates are hovering around 3.38. The second effect, would be that you would be charged a fee to save your money in a bank. In the long run, I would expect people to pull all of they’re money out and invest all it. The Third effect, would result in stimulating the economy.

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Negative interest rates have been around for years, just not in America. Countries such as Japan and a few other European nations have implemented the idea but in limited form. “Negative interest rates are inevitable in the U.S.,” said Bankrate’s Greg McBride. President trump has also tweeted numerous times that he suggests some form of negative rates would benefit the United States, especially in a time like this.

With the possibility of these types of rates coming, the economy may benefit from stimulation due to a increase in lending. As a result it would become more affordable to borrow, and more expensive to save. You may see a increase in gold investing and even bitcoin being that there have been talks out creating a digital dollar in the past couple of months. It is uncertain whether this would affect the nation in a positive or negative way, because simply; this has not been done.

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Coronavirus is making everyone rethink where to live|Should you as well


Owning a home in the big apple, has always been a huge dream of mine with being born and raised in lower Manhattan all of my life. What’s more convenient than living in an area that you know like the back of your hand. Your jobs are there, your friends are there, and your memories so what could possibly make me change my mind now. 

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Well with the way things are going now, living in the city that never sleeps is becoming less desirable to a large group of people. The hustle and bustle of the city has more of a negative tone than a positive one in 2020. With the Coronavirus literally destroying small businesses and other facets of life, it has also single handedly eliminated dreams of one day living in the big city. People are now gravitating towards suburban areas,stepping away from the city, and trading in their convenient commute for more green space.With the coronavirus rampant in U.S. cities and big towns many people are thinking of relocating to less crowded or even rural and country areas.

But in a post coronavirus world where dense city areas are tightly-packed New York has been the epicenter, more and more may favor the suburbs instead.

Scared of the risks they’re taking by living in a city that has been called the epicenter of the covid-19 epidemic. “Why New York? Why are we seeing this level of infection? Well, why cities across the country?” Cuomo stated in a briefing last month.

“It’s very simple,” the governor said. “It’s about density.” 

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Density is what’s making people flock to the suburbs. People are willing to just pack up and leave, but can you blame them. Cost wise it makes sense, moving just 20 miles away from the city could save you hundreds of thousands of dollars. Being that you were willing to purchase, we’re talking cheaper property taxes, lower costs of goods, and most of all you’ll definitely save on gas.

NYC Brokers are predicting housing sales will jump dramatically in Staten Island, where things are a little more spread out and less cluttered compared to the city’s real estate.

In my opinion, i do not see a change in population statistics within inner cities. If you take the attacks of Sept. 11th and the 1918 flu pandemic, the city has rebounded time and time again. Will there be more demand in suburban areas? Possibly, but don’t count New York City out just yet. 

“New York loves all of you. Black and white and brown and Asian and short and tall and gay and straight. New York loves everyone. That’s why I love New York. It always has, it always will. And at the end of the day, my friends, even if it is a long day, and this is a long day, love wins. Always. And it will win again through this virus. Thank you.”

– Governor Andrew Cuomo

What Are Tax Professionals and Why You Should Hire One.

If you’re like most Americans, you procrastinate about your taxes until the day before they are due. And if you have a lot of deductions and credits that require itemizing your tax return, it’s likely even worse: You probably put it off until April 15th. Tax season is upon us. That means one thing for … Continue reading “What Are Tax Professionals and Why You Should Hire One.”