Post Corona
- Thread starter Deceptive
- Start date
it will be rough for about a year. market is NOT done dropping, it will hit about 50% which is 15,000 points. Housing market is going to take a shit and unemployment is going to skyrocket as it already has. so yes it will suck for a little while but America ALWAYS bounces back. By summer time things might seem "normal" again.
It is too soon to tell what the lesson will be because Corona is still just a seed. When this thing grows to its real potential, we will have a real picture.
I agree that we are learning about China, but unless we continue with, and elect the right people, our future will not improve. We have been fortunate to have Trump start moving us in the right direction. I'm sure the democrats probably blame our poor relationship with China on his lack of diplomacy and will be more than willing to pander and wipe China's ass with American money.
As for other lessons, I think there is a lot of good wisdom in here based on speculation. I hope some of you are right, specifically about learning to save.
I agree that we are learning about China, but unless we continue with, and elect the right people, our future will not improve. We have been fortunate to have Trump start moving us in the right direction. I'm sure the democrats probably blame our poor relationship with China on his lack of diplomacy and will be more than willing to pander and wipe China's ass with American money.
As for other lessons, I think there is a lot of good wisdom in here based on speculation. I hope some of you are right, specifically about learning to save.
Fingers crossed with cash waiting.
same here been waiting for 3 years.
I echo this!
My hope is:
1. We lead the rest of the world in choking China economically and politically. Put them in their rightful place.
2. We emphasize people in every area of life: work, community, healthcare, etc. I would love to see US companies put more emphasis on work-life balance like other countries do.
3. Media change their tune.
4. I hope those senators (both R's and D's) that sold off all of their stock get their shit pushed in legally and literally.
5. Home prices become reasonable everywhere. Too many people are struggling.
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110% not possible. Supply and demand. SF has laws preventing tall buildings. Everyone wants more houses there but the "not in my back yard, I want to keep my bridge view, I paid 2.3 million for this 4 bedroom, 2,200sq/ft house."
Like I said in another post, here's my hope, backed up by a random screen name who said "I know someone with multiple airbnb homes in central FL and they can't survive a couple slow months, they will have to sell a couple to stay afloat." Also with the market tanking, someone who simply has 1 vacation home here in central FL, they might want to sell now, get the cash, and get that cash back in the market for the rebound.
Both examples have me picking up a sub February prices. I've seen some for sale that were asking 40K over what they paid mid 2018. Give me a nice 10% drop and I'm happy. Anything more...cool!
This will be long winded, so bear with me. I work at a bus company, all of our funds come from property taxes, state funds , and federal funds. Revenue from riders is the smallest part of our budget. We had a college service contract that went dead because the college shut down. Closing restaurants, bars, movie theaters, and casinos has killed off most of the rest of our business. Now the company wants to cut back service to a bare minimum and lay off most of the drivers and mechanics. While it would seem prudent to cut costs in this scenario, they ignore other factors. We just went through a long contract negotiation where the company played hardball and we lost our best employees to other companies. I presented a proposal to the company to pay the employees to stay at home and be available for work, find what agencies need manpower and use our people there, and expand our community outreach programs. Management response...no. There are funds available to keep all of our people but management isn't having it. I am afraid that all of the techs I have been working so hard to make useful will go on to someone else.
I've been lazy for 3 years. I could have all along, but my current rental is damn cheap, thus I got lazy. So yeah, it prices can drop down to 3 years ago, that would be great.
When the economy comes back they will be complaining about how hard it is to find employees. I get that companies have to make hard decisions right now, but those that are short sited are going to pay the price in the long term.
China is likely to emerge as the Hero on the world stage after all of this is over.
Stop thinking as an American and look at this from other nations perspectives.
China has been flying medical supplies into every country experiencing outbreaks, including personnel. The US has done nothing for other countries, instead turning inward. Is China doing this altruistically? Absolutely not. But they are playing the long game.
Damn, July? I'm on day 4 of no work and already losing it. I couldn't make it till July.
yep tomorrow is my last day.
Soooo, what happens the next time you hear about a virus popping up in China? Who in their right mind wouldn't immediately liquidate their portfolio????? Flash crashes once a year????
Looking at social media and realizing that for most people this is a week or two old; how long do you think it will be before people really start to grasp the serious implications this is going to have on the economy?
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My concern is how bad the middle-class will be screwed paying for this $1-$2 trillion stimulus package.
Aside from our taxes, businesses that are repaying loans/assistance will roll those costs on down to the consumer.
Aside from our taxes, businesses that are repaying loans/assistance will roll those costs on down to the consumer.
I'm not thinking we'll see 2008 prices at all. 2 houses I noticed 2 weeks ago that meet my requirements, that both went pending...both are now back on the market. Two others that are a little father, but were for sale are now both recently pending after dropping the price 10K. I'll assume they are shooting for a quick closing before the market tanks more.
So, we'll see. I'm not looking to save 100K, but I think it's safe to say I'll easily save 10-20K if I shop in 2 months.
This is my biggest concern at this point. A really shitty precedent has been set.....gonna destroy the economy every time a virus starts going around?
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