lotusseven7 said:Real estate. I'm looking at buying a commercial property to relocate my shop and plan on LOW-BALLING the current owner. Something like 40% of what it's currently listed for. We shall see if he wants cash for his building that's been on the market for 450 days so far. If he takes my offer or anything near it, I will be in a great place having a new investment property.
Just for those considering real estate, here's how that asset class typically reacts to recessions:
I expect the total damage from the current situation will likely exceed The Great Recession, but that one pretty much started in the housing segment too while the current situation did not. And with many places doing short term moratoriums on evictions, foreclosures, and pretty much all debt collection and credit reporting it will be interesting to see how real estate reacts this time around. If there's a drop, I'd guess that it won't show up for some time.
