How To Survive A Horrific Economic Contraction with Anna Myers

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Published Aug 10, 2020

GDP fell 33% annually, the unemployment rate is high, and even the Tokyo Olympics have been postponed, all pandemic-driven.

Housing continues to hold up well. Nearly all assets are - gold, stocks, crypto, and some commodities. This is partly due to a weaker dollar.

The gap between “haves” and “have nots” widens in the pandemic.

15-year mortgage rates fell below 2%.

VP of Grocapitus, Anna Myers joins us to discuss real estate trends, market analysis, and where to invest for economic survival.

Neither she nor I see a “V-shaped recovery”. I’ve been saying this for five months.

Anna & I discuss real estate’s winners and losers in the pandemic.

With more people having shakier job situations, fewer qualify for loans. This increases the renter pool.

Winners: smaller cities, suburbs, e-commerce, tech, warehouses, places like Salt Lake City, Raleigh-Durham, Memphis

Losers: high density places, hospitality, medical, oil, long-term college.

Resources mentioned:

Grocapitus.com

MultifamilyU.com

https://www-housingwire-com.cdn.ampproject.org/c/s/www.housingwire.com/articles/uwm-now-offering-15-year-fixed-mortgage-rate-as-low-as-1-875/amp/

Mortgage Loans:

RidgeLendingGroup.com

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NewConstructionTurnkey.com

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