38 min listen
284: Coronavirus And Your Money
ratings:
Length:
41 minutes
Released:
Mar 16, 2020
Format:
Podcast episode
Description
The novel coronavirus threatens life, business, and the economy. 11 years of U.S. economic expansion could end soon. (**The entire episode transcript is below. You can read along as you listen.) Closed businesses mean that supply chains are disrupted. This could make it difficult for flippers and value-add apartment projects. Travel, hospitality, and leisure business troubles mean that short-term rentals like AirBnB will have high vacancies. Short-term rentals cater to business travelers and vacationers - both vulnerable in this downturn. Long-term rentals are better positioned. As long as people are alive, they need a home. Mortgage interest rates have hit their lowest rate EVER since they’ve been tracked in 1971. The Fed made a 0.5% emergency rate cut. Expect more cuts. This punishes savers and rewards borrowers. Stocks recently fell more than 20% from their recent high; that's the definition of a bear market. Coronavirus’ effects are fast-moving and no one really knows the future. This is uncharted territory. With this in mind, I’d expect real estate to fare better than other asset classes. Also expect: Stronger: dollar, bonds, gold. Weaker: many stocks & businesses, short-term rentals, oil, silver. The unemployment rate will likely rise; I discuss what this means for your tenants. Low mortgage interest rates can be locked in for 30 years, outlasting the coronavirus pandemic. Check out our two new property providers in Orlando and Des Moines: getricheducation.com/orlando and getricheducation.com/iowa __________________ Resources mentioned: Properties, with two new markets: www.GREturnkey.com Recommended Coronavirus resource: Peak Prosperity YouTube Channel Mortgage Loans: RidgeLendingGroup.com QRPs: text “QRP” in ALL CAPS to 72000 or: TotalControlFinancial.com By texting “QRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel. New Construction Turnkey Property: NewConstructionTurnkey.com Best Financial Education: GetRichEducation.com Follow us on Instagram: @getricheducation Keith’s personal Instagram: @keithweinhold Complete episode transcript: Welcome to Get Rich Education. I’m your host, Keith Weinhold. The coronavirus, COVID-nineteen, has infected humans and financial markets too. This creates both problems and opportunities for you, the investor. Today, on Get Rich Education. Welcome to GRE. From Uruguay to the Ukraine to the UAE to the USA and across 188 nations worldwide, this is Get Rich Education. I’m your host, Keith Weinhold. Yeah, you’re back in that abundant place, where your QUALITY OF LIFE exceeds your cost of living. The novel coronavirus (COVID-nineteen) that began in Wuhan, China in November of last year when it transferred from animal to human is poised to affect the economy of every world nation and every U.S. state. It's not SARS or Zika. This transmits easily and it is perhaps 20x more deadly than the common flu. Some experts believe it's the worst outbreak in America since the Spanish flu of 1918. That was the worst pandemic of the 20th century. And you know what, it didn’t have to be this way ... with coronavirus. As my chief informant on the matter, Dr. Chris Martenson says, it didn’t have to be this way. Often placing the economy ahead of human life, health organizations and governments have often done a DEPLORABLE job of handling this, often understating the threat. The World Health Organization was even reluctant to acknowledge that the coronavirus is a global pandemic … which it surely has been for a long time. Well, they only acknowledged that five days ago. Well now that agencies weren’t preparing people sooner - coronavirus is poised to threaten even more people - which in turn, will make the economy even worse than if the threat had just been accurately represented in the first place. I’m going to focus on coronavirus’ likely effects on real estate and the other fina
Released:
Mar 16, 2020
Format:
Podcast episode
Titles in the series (100)
25: Ken McElroy | Rich Dad Advisor for Real Estate | Real Estate Strategies with Ken McElroy: #25: There aren’t many famous real estate investors. There’s Barbara Corcoran, Donald Trump, Ted Turner, and today’s guest…Ken McElroy. Listen to this week’s show and learn: 02:00 Keith cannot think of a greater contributor to real... by Get Rich Education