Dr. Housing Bubble says, “We will experience a significant impact of COVID-19 on real estate. Global markets are facing significant volatility as we deal with the first major global pandemic that is hitting both developed and developing nations equally. This virus knows no borders, and it is surprising how many people are still posting narrowly that this is somehow not going to impact the real estate market.”
This quote probably describes much current thinking in the real estate industry, just as it represents the thinking of those in the stock market. Many are negative in light of all the negative press, TV, and radio. But, there are those with multiple years of investing experience under their belts who advise a different attitude.
“We want you to take this very seriously, says Teeka Tiwari, Editor, Palm Beach Daily, but we don’t want fear to paralyze you.”
“Absolutely follow the CDC’s recommendations, and wash your hands frequently for at least 20 seconds. Stop shaking hands, and do a fist bump instead. Avoid crowds and cancel your travel plans.”
Taking precautions like social distancing is our current reality. And make no mistake; it will slow the global economy.
What you do next could be the difference between retiring on time or working an extra five to seven years.
Here is the key message I want to share with you: The economic slowdown from the coronavirus will be temporary.
Humans have been dealing with pandemics since the dawn of civilization. And yet, somehow, the wheels of global commerce continue to grind on.
What we’ll experience is a one-time demand shock to the global economy. Corporate earnings will crater… People will lose their jobs… Economic growth will stall.
There is no doubt about that.
Let me repeat that: The earnings and economic slowdowns from the coronavirus are temporary.
We buy as-is. An investor will estimate the repairs needed to restore your property, arrive at an offer, and will purchase the property as-is.
When we buy houses fast, there are no fees! We don’t charge you a real estate commission, and we may take care of any other nagging financial problems such as back taxes, code violations, or past due water and sewer bills.
Paige also helps to educate people on the importance of Passive Income, deal evaluation, money management, how to interact with money wisely, and what the heck does a profit and loss and balance sheet look like?