The good news is that it has an unfinished basement I can turn into additional square footage, it’s got incredible views, and a ton of potential.

The people who bought in 2012 had it pretty easy and while they generally were the big winners they still could have ended up as losers if things changed for the worse.Regardless its really up in the air how the market will react to certain news and I think COVID showed that because despite a very uncertain future where most would think home buying would be on the decline, people are still buying houses because human behavior tends to react irrationally.  

https://www.kxan.com/news/busi..."

Tata Consultancy Service leased 44,051 sq ft in May in the Parmer 4.2 building in North Austinhttps://www.bizjournals.com/austin/news/2020/07/29/tata-consultancy-lease-parmer-austin.html

I have also done well rotating in and out of “vaccine” stocks, essentially airlines and hotels that move up whenever there is news about vaccine.

Your circle should clap loudly when you have good news.

But the news only gets worse from here, so fasten your seat belt because this is going to be very bumpy!

The good news is that you bought it so cheaply that you could put 50% of the purchase price in it and probably still be making out like a bandit.

While the news always pitches the extreme version of the situation, reality is, when I talk with other investors or listen to large property managers like Chris Clothier (recently on the podcast) the impact wasn't very large (~8% lost rent, I believe Chris stated on ~6000 units).  

No matter your stance on the various debates flooding our news reels, one important area of discussion I haven't heard much about is how this pandemic is affecting note investors?