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Follow on Google News | Devastating Effects of Coronavirus on Real Estate InvestmentsThe outbreak of the coronavirus and the spread of the disease to other parts of the world have caused rising fears of a global pandemic, with an immediate harmful impact on real estate markets.
Moreover, vulnerability increased over the course of last year, making prospects for early 2020 all the more uncertain. The US, the world's second-largest economy, appeared relatively resilient now, but 2.1% real GDP growth in the fourth quarter of 2019 hardly qualifies as blooming. But as long as the outcome of the current situation is highly uncertain, you should continue to buy and sell in "pockets of opportunity" Remember, real estate allows you to control your risk because you can actively participate in the decision-making process. Passive investments such as stocks don't give you this opportunity. Movements in real estate values are less erratic than in the stock market. In the end, epidemiologists will have the final say on the endgame for coronavirus and its economic impact. While that science is well beyond our expertise, we take the point that the current strain of coronavirus seems to be more contagious but less lethal than SARS was in early 2003. ABOUT THE AUTHOR: Eugene E. Vollucci, is considered to be one of the foremost authorities on real estate taxation and investing and has authored books in these fields published by John Wiley & Sons of New York. He is the Director of the Center for RE Studies, a real estate research organization and President of calstatecompanies. To learn more about the Center, please visit our web site at http://www.calstatecompanies.com UTUBE: https://youtu.be/ End
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