GDP fell 33% annually, the unemployment rate is high, and even the Tokyo Olympics have been postponed, all pandemic-driven.
Housing continues to hold up well. Nearly all assets are - gold, stocks, crypto, and some commodities. This is partly due to a weaker dollar.
The gap between “haves” and “have nots” widens in the pandemic.
15-year mortgage rates fell below 2%.
VP of Grocapitus, Anna Myers joins us to discuss real estate trends, market analysis, and where to invest for economic survival.
Neither she nor I see a “V-shaped recovery”. I’ve been saying this for five months.
Anna & I discuss real estate’s winners and losers in the pandemic.
With more people having shakier job situations, fewer qualify for loans. This increases the renter pool.
Winners: smaller cities, suburbs, e-commerce, tech, warehouses, places like Salt Lake City, Raleigh-Durham, Memphis
Losers: high density places, hospitality, medical, oil, long-term college.
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