REAL ESTATE NEWS — 31 Ways to Navigate the Corona-Crash to Riches
Coronavirus Update: In the midst of the biggest global financial crisis history, we are in a dramatic position to take full advantage of the enormous changes. More than six million have filed for unemployment in just one week — Unprecedented! Wealth and power are now changing hands, changing shape like never before. We’re either going to ride this monstrous wave to unforeseen glory, or we’re going to have our faces pummeled into the sand like never before. We have the technology. We have the knowledge. We have the choice. We’re going to stay up, going the direction that we choose, no matter how frightening the ride, no matter how scary the speed. We’re going to rein our circumstances to go the direction of our choosing.
Many things can be accomplished during an economic downturn that could not ordinarily be done. A bigger downturn creates greater damage, along with astounding openings to reach golden good times. The middle class is being shuffled into winners and losers, dramatically sorted and stratified. Social distancing begets social class separation. The defeated are defined by a failure to plan and implement, while the bold victors recognize and act promptly during today’s precious windows of chance to play the slots of favor and fortune. #evertything #bubble #coronavirus #crash #wealth
Prices tend to drop after an economic shock. Bargains and good deals come available for purchase. More sellers tend to feel more motivated while more buyers tend to be low on cash. Downturns are opportunities to take a close look at finances, and to cut expenses, reduce wasteful spending and take inventory of assets and liabilities.
Many take advantage of a recession as a time to get educated, get a certificate, get a degree, take a class or otherwise learn something new.
Some businesses, stocks and industries do as well or better during an economic down cycle. Healthcare, data communications and all things internet shall continue to boom. A big recession, of course, benefits debt-collection agencies, repossession companies, bankruptcy attorneys, pawn shops, thrift stores, discount stores, appliance repair, homeowner insurance, auto insurance, auto repair, grocery, household goods, Internet movie, TV streaming services and fast food. Commodities like gold, oil and industrial metals perform well. Oil is expected perform worse than previously due to alternative energy, electric cars, regulation and shale inefficiencies. Gray market, black market, Bitcoin, Ethereum and Monero are seeing good times.
Specific stagflation-resistant companies include Amazon (AMZN), Netflix (NFLX), and Alphabet (NASDAQ:GOOG) (GOOGL) are well positioned to benefit from individuals (think Amazon Prime, staying in on a Saturday, and searching for ways to save money) seeking lower living expenses. Both software and hardware companies like Microsoft (MSFT), Intel (INTC), Oracle (ORCL), and Nvidia (NVDA). Check out indices such as ROBO Global Robotics and Automation Index ETF (ROBO) offers diversification across geographies and market caps. Another option is the ARK Innovation ETF (ARKK).
Per Warren Buffet’s Fear-And-Greed advice, prime time for real estate investment has begun as most home sellers are now aware of downward pricing pressures. The investors and home buyers with capital may now begin to place much lower offers with an increased chance of highly motivated home sellers accepting offers that are $30,000 to $100,000 below asking price. Today’s greatest opportunities stand in the most prime of real estate like Downtown Los Angeles and surrounding communities.
Good Deals Now Outright Steals! Get a free list of deals around Downtown Los Angeles. Fill out the online form:
LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]
SEARCH LOFTS FOR SALE Affordable | Popular | Luxury
Browse by Building | Neighborhood | Size | Bedrooms | Pets | Parking
Copyright © This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE 01889449 We are not associated with the homeowner’s association or developer. For more information, contact 213-880-9910 or visit LAcondoInfo.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.