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Updated almost 5 years ago on . Most recent reply

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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
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How are you coping during this time?

Nathan Gesner
  • Real Estate Broker
  • Cody, WY
ModeratorPosted

Some people are really struggling with the market and how Coronavirus may impact their personal lives, their investments, or even the entire country. We can't control the economy. We can't make much impact on unemployment rates, government response, or the price of tea in China. Heck, I can barely maintain my own work schedule!

So what are you doing to protect the things you do have control over? How are you protecting your family? Your income? Your investments? Your renters?

  • Nathan Gesner
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The DIY Landlord Book
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Joe Villeneuve
#5 All Forums Contributor
  • Plymouth, MI
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Joe Villeneuve
#5 All Forums Contributor
  • Plymouth, MI
Replied

I don't watch the news...I watch the actual news conference.

I read actual reports, and not interpretations.

I realize that any economic impact on purchases, business, investments, etc...aren't based on an economic problem, they're based on a temporary medical problem.

I firmly believe, the medical problem will be solved in a short enough period of time and will not have any long term major negative impact on the economy.

I know that when the "hounds are released", any negatives that might have happened to the economy, will bounce back and head north faster than it went south because of a built up demand...and the fact that this problem wasn't ecomonically based in the first place.

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