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![]() ![]() Stockmarket CRASH, Real Estate CRASH!
Get out your old copy of; "The Grapes of Wrath"; A vision for the future.
Nothing is as ILLIQUID as Real Estate in a vicious CRASH! I remember the Gold Mining Depression here in 1996-2,000. You couldn`t run fast enough and pound that for sale sign in your front yard quick enough! Soon, abandoned Real Estate Broker signs were falling down, rusting in the snow & sun all over. Fat Cat brokers went broke who had speculated in Real Estate. Local businesses quietly went under. Stagnation. Mining Co. employee parking lots were near empty! [Down 85% !!!] It took years to get going again.
coronavirus appears to BE the sudden magic that will shut everything down, on a scale we can`t imagine.
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