All Forum Posts by: Sam Josh

@Andrew Hogan

Indeed. It did get people talking. But inventing bad news in these times. Is it really a smart move and importantly an ethical one is the big question. Fact is negative events (cat fights, violence, conflicts, bad news etc) have been craftily used to drive up eyeballs and ratings for reality TV shows. Controversy sells, no doubt. Gossip is big business all over the world. But that’s reality TV and gossip magazines and this is real peoples real money. There is a big difference. So the jury is truly out on if the creator of the message is a genius as some posters suggest or outright dumb as some others suggest.

@Sameer Bhalesha

Mean no disrespect but if you are so excited about the pandemic and the recession, you must have been in extreme mental distress during the 10 year boom. Btw the graphic you put down is from some macro economic textbook and markets don’t exactly behave that linearly. There are many markets where you see L shapes as jobs left the area for good. In other markets like the SF the shape of those curve is very different with very prolonged periods of rapid expansion with shorter duration of contractions.

@Craig A. Schumacher

You said it right. They are marketing experts and RE is the best way for them to load up on capital and take a shot at higher net worth. Savvy and well heeled investors can see through these youtube gimmicks of flashy cars, rented jets etc. The wet behind the ears, lower income, 20 something however will bite into the marketing. What is being marketed or how it is being marketing is not illegal. The consumption of the marketing could appear foolish and misleading to the savvy educated investor. But remember that is not the target market for the marketer. He/she may rather stay the heck away from the more astute crowd.

@Dylan Topolnisky

The short answer is RE is highly correlated to jobs in the area. If jobs in the area are being impacted, RE will be impacted.

@Bryan Beal

You remind me of that teenager on spring break who emphatically stated “If I get corona, I get corona, I have been planning this spring break for 4 months”. I mean seriously! We are at war here and frankly let civil liberties take a pause. This country in normal times gives us a lot in every way, be it opportunities or freedom. If we are lucky to survive this onslaught, we will rebuild all that has been stalled, shut or broken. Yes for sure for a while we will have to move away from the easy money gravy that was coming our way from the good economic times. For a while there will be fewer brag bro posts like 23 doors by the age of 3 or however other gets expressed here on BP. This is not a time to think selfishly or focus on “my real estate challenges”. It’s hard I know but not a shred close to the families who have lost loved ones overnight and lost jobs and businesses. This virus does not discriminate. Every age group is vulnerable and even strong fit people have landed in ICU.

@Eli Geneus

I take the opposite view. I think he had been losing face and credibility quite rapidly in the last few weeks after he let go his employees and then stopping paying his investors back. This video to me double accelerated that credibility decline.

@Amit M.

In his own words he did it as a publicity stunt to gain attention. He thinks bad news sells and it’s the best way to make noise and get people to listen to him. I personally think that is very bizarre to put it politely. Behind the scenes there are many factual conversations about how he has laid off staff and suspended investor payments. His videos on YouTube are getting 5x more (will soon be 10x) more desperate. He is in trouble.

@Babek Sandhar

Funny had the same debate with a friend yesterday who invests in Las Vegas. He was heavily bullish about Vegas but just like OP bearish on big city markets. I could not reconcile that logic.

My views on this are clear. In the last 100 years or more, several crisis have hit the world periodically. These include natural disasters, pandemics, terrorist strikes, economic downturns and despite all these mega metro cities have thrived and gotten twice as strong after every crisis. I won’t say the same about small towns or manufacturing towns that lost jobs. There are many towns all over America which were once thriving but today are deeply run down. I think that pattern repeats. The strong coastal markets get stronger the weak get weaker.

@Michael Ohara

Would help if you took of what areas you are looking to invest in. Covid won’t have the same impact every where and not every place will have the same capacity to come back strong. RE is hyper local at the end of the day.

@Michael P.

You are both smart and lucky because most of the “waiters” I know are now scrambling because their sources of income and funds are drying up quick and fast.