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re: What other Markets are going to crash?

Posted on 4/19/20 at 6:16 pm to
Posted by East Coast Band
Member since Nov 2010
67017 posts
Posted on 4/19/20 at 6:16 pm to
It'll be mud till July
Posted by tigernnola
NOLA
Member since Sep 2016
3589 posts
Posted on 4/19/20 at 6:20 pm to
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.
Posted by Cosmo
glassman's guest house
Member since Oct 2003
132691 posts
Posted on 4/19/20 at 6:24 pm to
quote:

Lot of our favorite bars & restaurants will not survive.


If there is a demand for restaurants they will be there
Posted by whoa
New Orleans
Member since Sep 2017
5922 posts
Posted on 4/19/20 at 6:39 pm to
Hopefully the housing market

quote:

The entitled generation has taken far to much for granted for far to long.

Ok boomer
Posted by TigerstuckinMS
Member since Nov 2005
33687 posts
Posted on 4/19/20 at 6:50 pm to
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 by UltimaParadox
North Carolina
Member since Nov 2008
52911 posts
Posted on 4/19/20 at 6:58 pm to
quote:

Estimated that 75% of the airlines will file.



File for what, the government aid they have taken?
Posted by Privateer 2007
Member since Jan 2020
7951 posts
Posted on 4/19/20 at 7:02 pm to
Landlords are gonna get smashed.
They really can't evict. Who's gonna fill the spaces?
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
299716 posts
Posted on 4/19/20 at 7:03 pm to
Big, national chains and industries will benefit. The little guy will struggle to reopen and make it.

Lots of buyouts, mergers.
Posted by Thecoz
Member since Dec 2018
3965 posts
Posted on 4/19/20 at 7:03 pm to
Naw. Want something in Summit County before Caribbean.

Why not both....

.....summit county on Maggie’s pond!
Posted by Cash
Vail
Member since Feb 2005
37645 posts
Posted on 4/19/20 at 7:04 pm to
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 by UltimaParadox
North Carolina
Member since Nov 2008
52911 posts
Posted on 4/19/20 at 7:20 pm to
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 by cable
Member since Oct 2018
9735 posts
Posted on 4/19/20 at 7:24 pm to
I paid the rent on my offices this month and I'll do it again next month.
Posted by kciDAtaE
Member since Apr 2017
17804 posts
Posted on 4/19/20 at 7:26 pm to
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 by kciDAtaE
Member since Apr 2017
17804 posts
Posted on 4/19/20 at 7:27 pm to
quote:

Hopefully the housing market


You want the housing market to crash?
Posted by TigerintheNO
New Orleans
Member since Jan 2004
45432 posts
Posted on 4/19/20 at 7:37 pm to
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 by SippyCup
Gulf Coast
Member since Sep 2008
7087 posts
Posted on 4/19/20 at 7:38 pm to
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 by EveryoneGetsATrophy
Member since Nov 2017
2907 posts
Posted on 4/19/20 at 7:48 pm to
You and Babytac should party together
Posted by whoa
New Orleans
Member since Sep 2017
5922 posts
Posted on 4/19/20 at 8:06 pm to
Yes. Housing prices are astronomical. Would be nice to see them come back down to earth.
Posted by dbeck
Member since Nov 2014
29454 posts
Posted on 4/19/20 at 8:07 pm to
quote:

What markets have crashed?

Flooring
Posted by kciDAtaE
Member since Apr 2017
17804 posts
Posted on 4/19/20 at 8:11 pm to
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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