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Message
re: What other Markets are going to crash?
Posted on 4/19/20 at 6:16 pm to Mud_Till_May
Posted on 4/19/20 at 6:16 pm to Mud_Till_May
It'll be mud till July
Posted on 4/19/20 at 6:20 pm to Mud_Till_May
Fallout is just beginning. Bankruptcy filings have begun. The larger retailers are going to be hit hard. Macy’s is filing this week. Others that were in trouble, like J.C. Penny will probably follow.
Commercial real estate will suffer with a short term cash flow issue, but some will take advantage of the situation to get rid of the tenants they want out.
Airlines & the hospitality industry will really take a hit. Lot of our favorite bars & restaurants will not survive. Estimated that 75% of the airlines will file.
In NOLA, the mom & pop stores on Magazine St are in big trouble. Hell, small business is in a jam.
We can go on & on. Every facet of daily life will be effected, from healthcare to travel.
Hopefully, this is a better America when the dust settles. The entitled generation has taken far to much for granted for far to long. The parents of my generation made it through a depression without protest. They stood in line all day for a loaf of bread and were grateful. Life is a team sport.
Commercial real estate will suffer with a short term cash flow issue, but some will take advantage of the situation to get rid of the tenants they want out.
Airlines & the hospitality industry will really take a hit. Lot of our favorite bars & restaurants will not survive. Estimated that 75% of the airlines will file.
In NOLA, the mom & pop stores on Magazine St are in big trouble. Hell, small business is in a jam.
We can go on & on. Every facet of daily life will be effected, from healthcare to travel.
Hopefully, this is a better America when the dust settles. The entitled generation has taken far to much for granted for far to long. The parents of my generation made it through a depression without protest. They stood in line all day for a loaf of bread and were grateful. Life is a team sport.
Posted on 4/19/20 at 6:24 pm to tigernnola
quote:
Lot of our favorite bars & restaurants will not survive.
If there is a demand for restaurants they will be there
Posted on 4/19/20 at 6:39 pm to tigernnola
Hopefully the housing market
Ok boomer
quote:
The entitled generation has taken far to much for granted for far to long.
Ok boomer
Posted on 4/19/20 at 6:50 pm to fallguy_1978
quote:
Movie theaters
Sadly, I think you're right. You're going to see a trend of bankruptcies and consolidations. I think that you'll likely even a loosening of the anti-trust laws that prevent movie studios from owning theaters. It was already running through the courts, but faced with the very real possibility that you either have Disney and Paramount theaters or none at all, the final decision to let them once again own theaters may swing the studios' way.
Posted on 4/19/20 at 6:58 pm to tigernnola
quote:
Estimated that 75% of the airlines will file.
File for what, the government aid they have taken?
Posted on 4/19/20 at 7:02 pm to Mud_Till_May
Landlords are gonna get smashed.
They really can't evict. Who's gonna fill the spaces?
They really can't evict. Who's gonna fill the spaces?
Posted on 4/19/20 at 7:03 pm to Mud_Till_May
Big, national chains and industries will benefit. The little guy will struggle to reopen and make it.
Lots of buyouts, mergers.
Lots of buyouts, mergers.
Posted on 4/19/20 at 7:03 pm to Cosmo
Naw. Want something in Summit County before Caribbean.
Why not both....
.....summit county on Maggie’s pond!
Why not both....
.....summit county on Maggie’s pond!
Posted on 4/19/20 at 7:04 pm to Mud_Till_May
Hopefully slope side real estate in Colorado, Utah or Wyoming. Anyone wants to offload anything for penny’s on the dollar before it is worthless PM me.
Posted on 4/19/20 at 7:20 pm to RogerTheShrubber
quote:
Big, national chains and industries will benefit. The little guy will struggle to reopen and make it.
Lots of buyouts, mergers.
This x1000
Posted on 4/19/20 at 7:24 pm to Mud_Till_May
I paid the rent on my offices this month and I'll do it again next month.
Posted on 4/19/20 at 7:26 pm to Mud_Till_May
quote:
People are not paying their commercial rent.
I am curious to see if these larger corporations that rent out 12+ floors of commercial space will determine their employees can be productive working from home. And therefore not renew their lease in full and downsize to 10% of that space and just utilize a few select offices and meeting/training space.
It could be good for both the company and worker when you factor in overhead and commute time. Not so good for property owners.
Posted on 4/19/20 at 7:27 pm to whoa
quote:
Hopefully the housing market
You want the housing market to crash?
Posted on 4/19/20 at 7:37 pm to fallguy_1978
quote:
Movie theaters
good, the chinese can reap what they sow
AMC's chinese owners say they aren't going to file for bankruptcy, but they are $4.9 Billion in Debt and stop payig rent.
Posted on 4/19/20 at 7:38 pm to yellowfin
quote:
Vacation homes hopefully
I’m still on the fence about this. We own 4 rental properties in the Destin area and the company that manages them says no one has cancelled yet for anything over the summer.
We lucked out with the 07 crash as we sold 11 properties in 05 and 06. The 4 we have now were bought in 09, 11 & 12 so even if the market crashes we should still be good.
Posted on 4/19/20 at 7:48 pm to Mud_Till_May
You and Babytac should party together
Posted on 4/19/20 at 8:06 pm to kciDAtaE
Yes. Housing prices are astronomical. Would be nice to see them come back down to earth.
Posted on 4/19/20 at 8:07 pm to HoustonGumbeauxGuy
quote:
What markets have crashed?
Flooring
Posted on 4/19/20 at 8:11 pm to whoa
quote:
Yes. Housing prices are astronomical. Would be nice to see them come back down to earth.
Then sell. We can have a correction without the market crashing.
Remember what happen the last House market crash?
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