Road trips are great.
As a kid, we didn’t have phones to keep us occupied and only a few games to chew up time. The “99 Bottles of Beer” song (“99 Bottles of Root Beer” in our family) got real old fast.
With nothing else to do, we spent the time asking our parents a lot of questions and just taking in the new scenery.
Towards the end of 2019, there were rumblings in the financial community of an impending recession in 2020.
The economy had been expanding for more than ten years – longer than any expansion in history – so recession was only a matter of when not if. Fast forward to today, and the markets are in a panic. In only a month, the Dow has dropped more than 20%.
Does a recession-resistant investment exist?
When it comes to affordable housing, it seems misinformed investors come up with excuses for NOT investing in this overlooked sector.
Additionally, there is one subsegment of affordable housing that particularly turns those investors off – mobile home or manufactured home communities (“MHCs”).
When you hear real estate mentioned in the News, it’s typically in connection with a discussion of the state of the overall economy and often includes predictions for the next 12 months.
The coronavirus drove the 3,600 point drop in the Stock Market this week, but it wasn’t the actual effect on the virus, but the fear of its effect that drove the plunge.
As in the case of infection where the body’s response to the infection in the form of fever is often more painful than the infection itself, the same holds true for epidemics and the economy.
The panic and overreaction are often more harmful than the actual tangible effect of the disease on the economy.