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Not worried about my place, it's paid off and places that go up for sale there sell within a week.
Most of my retirement money is in annuities , they are not effected by market lose.
As for income, making more than usual right now because of the drop in fuel prices.
The stocks we have will rebound I'm sure.Carbon is not the problem, it makes up 0.041% of our atmosphere , 95% of that is from Volcanos and decomposing plants and stuff. So people in the US are responsible for 13% of the carbon in the atmosphere which 95% is not from Humans, like cars and trucks and stuff and they want to spend trillions to fix it while Solar Panel plants are powered by coal plants
think about thatComment
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In New Zealand where we are in full lockdown the real estate market no longer exists - What will happen when this is all over is anyone's guess...Comment
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Yup, they’re giving a 6 month repayment break here in Oz. Guy from NAB (bank) was explaining it on tv last night. Ominously he said that after 6 months there would be a review of peoples’ ability to pay and it was very likely that there would be defaults and foreclosures.
Insane how quickly this has happenedyesComment
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I dont think it will be that bad, but it will be some what badCompound interest.Comment
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the big change everybody is talking about is people are going to leave the cities - more suburban sprawl.
compare the virus spread of NY and LA. everybody is packed in NY like sardines, no distancing, and its the epicenter in the US. even the NY gov and NYC mayor said its a huge problem. this thing could wipe out 5% of the population of NYC.
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Hotels and businesses here in Spain are already being sold cheap, even a couple of garages, like petrol stations!
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Skype: GspotProductions - "Converting traffic into income since 2005"Comment
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You are both right and wrong.
This is not a financial crisis like 2008.
Wei will no, however, "bounce back". Don't kid yourself that after two months we suddenly turn the economy back on and say "okay, back to business". A large amount of businsses will not survive. A lot of those jobs will not come back. When we do go back to business as normal a lot of people and companies will have huge finacial issues. At the same time a lot of people and a lot of companies will not have much faith in the economy, and will be holding on to their money instead of spending it. Then factor in that this is the first round with this virus. This is the first round. It will be come back again.
This is going to be worse than the great recession. This will be worse than the great depression. They are talking about twenty to thirty percent unemployment.Herschel Savage
Brooklyn, NYComment
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Already seen a commercial property that has a restaurant in downstairs and 3 apartments upstairs nearly cut in half in the last week. Investors are walking away/ Seriously considering it myself.
Many investors in deep with airbnb that counted on the monthly revenue will take a huge hit. Even if the lights are turned back on in a few weeks it will take many months perhaps even a year+ to recover, if they can, because people are using up their vacation pay/time right now.PLEASE WAIT WHILE BIDEN ADMIN UNINSTALLS ITSELF.....
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Here's what it boils down too -
Ya purchase property a freebee throw away from a University -
Contracts signed a year prior - 10k a month and I own 3 Princeton properties a spit and a piss away from Princeton University -
Cash deposited into my Charles Schwab account -
What are you monkies doing ? - The only one here that has a head on their shoulders is Rick -Comment
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This. There's something very unsettling about how much money governments around the world are throwing at this. There seems to be this "6 month" provision everywhere you look, so the real effects won't be felt until then. It's the middle class who will be ruined, they hold all the debt. Pension pots and savings have already been fucked in the arse. Stock holdings decimated. Wait for the banks to come for the houses and the finance companies to come for the cars.
What's six months? October. Sounds about right. Great depression, October. 1987, October. GFC, September/October. Corona Crash, October
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I already have plans on moving to the country, like in the middle of no where.
I'm seeing the country right now and after living my whole life all over California, I'm ready to slow down.
Like 2008, a lot of people are not ready for this, I am, my wife is.
We lost money in the stock market and won't touch it till it comes back up and it will, not worried about itCarbon is not the problem, it makes up 0.041% of our atmosphere , 95% of that is from Volcanos and decomposing plants and stuff. So people in the US are responsible for 13% of the carbon in the atmosphere which 95% is not from Humans, like cars and trucks and stuff and they want to spend trillions to fix it while Solar Panel plants are powered by coal plants
think about thatComment
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Carbon is not the problem, it makes up 0.041% of our atmosphere , 95% of that is from Volcanos and decomposing plants and stuff. So people in the US are responsible for 13% of the carbon in the atmosphere which 95% is not from Humans, like cars and trucks and stuff and they want to spend trillions to fix it while Solar Panel plants are powered by coal plants
think about thatComment
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