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Posted on 3/29/20 at 6:27 pm to Vegas Eddie
quote:
Besides restaurants and bars.... everything around me seems to be business as usual
The chain reaction hasn't begun yet
But it's coming and it's going to be ugly
Posted on 3/29/20 at 6:29 pm to Vegas Eddie
quote:
Besides restaurants and bars.... everything around me seems to be business as usual
One of my favorite local liquor/wine/beer and cigar stores just folded over the weekend, not sure if it was all due to COVID19 but I'm thinking it played a part.
Posted on 3/29/20 at 6:30 pm to Vegas Eddie
quote:
Besides restaurants and bars.... everything around me seems to be business as usual
Concerts, festivals, sporting events, schools, business conferences
And of course all of this has a major direct impact on hotels, the airline industry
We have the oil and gas industry brought to its knees with an even bigger stab to the heart with the Russians and Saudis flooding the market
If you own commercial property prepare for tenants not be able to pay your rent.
This goes way way way beyond just restaurants and bars. There isn't a single sector in the economy other than government and healthcare that won't feel this sting.
Posted on 3/29/20 at 7:18 pm to Vegas Eddie
quote:
everything around me seems to be business as usual
that's because you haven't seen the bills stacking up that won't be paid....
people are usually shocked with they hear of people getting a divorce "I didn't see it coming"
it will be like this, but you will be impacted
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