Prospects for Real Estate Investors
Ben Rao (Ray-o)
Senior Living Industry Advocate, Family Guide, and Best-Selling Author helping seniors get to care faster while helping senior living operators increase occupancy and improve profitability.
It’s easy to feel panicked by the possibility of a recession (and shaky real estate markets) amid the spread of coronavirus and the economic uncertainty haunting many industries. But that doesn’t mean you should pump the brakes on real estate investing. At least not yet.
With a massive federal relief package (as well as relief efforts at the state and local levels) and some states are seeing their social distancing efforts paying off in the fight against the pandemic, we may see a shorter recession than we’ve feared.
Given the lessons we collectively learned in 2008 and the possibility of quicker and more direct relief in the face of an impending recession this year, it’s unlikely we’ll see the catastrophe we saw a decade ago.
The health crisis is guaranteed to have an effect on the housing market, but that may not be a bad thing for investors.
“In fact, I think that real estate, and especially rentals, will be a dynamic area for development and investing,” writes Ingo Winzer, in a recent Forbes article. “This has nothing to do with buying property cheap but rather with investing more wisely and precisely.”
As with so much of life in the era of COVID-19, we’ll need to wait and see where the markets go in the coming weeks and months, but there is hope out there yet for a dynamic investment market in 2020 and beyond.
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