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Updated about 5 years ago on . Most recent reply

Matt Higgins's profile image
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Matt Higgins
  • Property Manager
  • from Blaine
  • Member since Nov 29, 2015
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Matt Higgins's profile image
Matt Higgins's profile image
Matt Higgins
  • Property Manager
  • from Blaine
  • Member since Nov 29, 2015
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Matt Higgins
  • Property Manager
  • Blaine
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Is this the start of the recession

Matt Higgins
  • Property Manager
  • Blaine
Posted

Dow is down 1000, 10 year is falling off a cliff, but people are still paying rent!

I do worry that this virus is going to bring the global economy to a significant slowdown, but will this hurt real estate?

My thought is inventory is tight and rates are gowing lower. I see US real estate getting a bump as stocks tumble this summer. What say you??

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John P.'s profile image
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John P.
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  • from Vacaville, California
  • Member since May 7, 2016
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John P.'s profile image
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John P.
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  • from Vacaville, California
  • Member since May 7, 2016
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John P.
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  • Vacaville, CA
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John P.
  • Investor
  • Vacaville, CA
Replied

This is a blip in my opinion. Overreaction due to 24 hour new crisis, fearmongering, etc....  Coronavirus will be a non-issue in 2 months and economy back to humming long.  Check back May 1st. Old news by then... I hope! :) 

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