The world seems to have shifted dramatically since mid-February. What have you learned in the last couple weeks?
What parallels do you see from the past? What is different? What things are different from other viruses and market downturns?
Will all of the dry powder in new real estate funds be deployed? How well capitalized are most real estate firms now?
Hotel appears to be the property type under the most obviously immediate stress. How severe of an impact do you expect on hotels?
All of the major sports leagues have suspended or canceled the remainder of their seasons. How much of an impact will this have on hotels and retail? Will the secondary effects be bars and restaurants around these event centers going bankrupt?
What will the effect be on other asset classes like multifamily, office, industrial? Will apartments and offices be designed differently?
I’ve learned the majority of people wouldn’t know their head from their ass in a real emergency. Where the fuck did all the hand soap go? Did all of these imbeciles just start washing their hands ?
Most neighbourhoods where I shop are out of Purell but have plenty of hand soap, which I find even more disturbing.
Touche!
Same for toilet paper. Did people just start wiping their ass's.
Or based on another thread, everyone tries to get paid to shit, and only shit when they are on the clock at work.
3PL tenant just told us it only moved 3 containers out of the port of Newark Wednesday. Fewest containers in its 35 years of existence. They were moving more the day after 9/11
I am hopeful that in a couple of weeks, life will go on. Most businesses and microeconomies cannot handle a long shutdown. The goal is to "flatten the curve" in terms of spreading coronavirus, we will reach a point where we will feel that the curve has been flattened and things will presume as usual, paired with people and businesses getting cabin fever.
There will be a short term economic impact for sure, but i am hopeful that there will be a bounceback soon.
JPM is already predicting a recession as a result
right but our view of a recession is 2008-level. There could be (and have been) recessions that are much less severe, coming and going with very little impact to real estate.
Zero sporting events, zero concerts for months, and potentially lower mall sales on an already fragmented retail market. lol damn, thats just the surface
Yes they are, pretty sure that if GDP declines by 0.5% for two straight quarters that is a recession, in 2008 the economy went through an actual meltdown where markets ceased to function and one of the biggest banks in the world was completely filled to the brim of toxic assets which took down the world economy, a few quarters of missed earnings is nothing in comparison.
Most people are ignorant when it comes to common sense and market is irrational.
I’ve learned the media is like High School.
That the information:noise ratio is far worse than I realised.
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