Special offer
Richie Alan Naggar, agent & author  (people first...then business Ran Right Realty )

Spam prevention
Rainmaker
953,617
Pete Xavier
Investments to Luxury - Pacific Palisades, CA
Outstanding Agent Referrals-Nationwide

 

Not putting energy in worrying about what may or may not happen, I'm thinking more along these lines...

 I would "stand-on" the opportunities that I see. For real estate that would be the upcoming mortgage defaults (helping owners avoid foreclosure) in additional to traditional work. I'm in the insurance & investment world now, I see so many opportunities that will keep me busy, 2020 will be my best year ever in the respect of business.

It is mindset, mindset, mindset!

 

Apr 30, 2020 12:26 PM
Rainmaker
921,504
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

The poor will get poorer and demand more support.

The poor middle class will become the poor class but without any support system.

The middle class living beyond their means have some dififcult decisions to make. They, like the poor middel class will be labed DESPERATE and the sharks will smell blood in the water.

The upper middle class and rich will blame the victim for their situation.

The staggering increase in social services costs will put a bulls-eye on the backs of the rich individuals and corps who will chat about India and China.

Where is all this going? One will choose to either re-distribute the wealth or cut the line and let nature take control.  Vote, Nov 2020. It's going to be a hell of a show.

Apr 30, 2020 11:53 AM
Rainmaker
5,772,575
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Richie, the whole situation is going where it is going...we will all deal with whatever as best as we can...No need to predict A

Apr 30, 2020 10:44 AM
Rainmaker
1,543,823
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
CEO of Vision Drive Realty - Coastal San Diego

Smoke a fatty and have a drink my friend, we will adapt as always to whatever comes. We managed during 9/11, The Crash, 7 previous pandemics, the current Wuhan Virus; we're ready for whatever they throw at us. Those that are not ready, willing and able - we'll miss you, but I'm a tenacious survivor. I don't make payments on debts that do not exist. Come through the doorway or get out of the way, those that can are coming through. ✌ Peace Love & Atitude my friend.

Apr 30, 2020 06:52 PM
Rainmaker
1,311,397
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

I do not know to whom your question is directed, Richie Alan Naggar 

Are we the "professionals" or are we the "laymen".

In any event, I lack a crystal ball.

Apr 30, 2020 12:27 PM
Rainmaker
2,390,620
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

It's been many years but I did complete an economics college course years ago Richie Alan Naggar . No crystal ball here but I can say that many will be burned by the situation and a few will make zillions because of it.

Apr 30, 2020 11:32 AM
Ambassador
5,230,079
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

Those who are willing to pivot (be flexible) and maintain positivity will come out on top - they always do.

Apr 30, 2020 08:35 PM
Rainmaker
1,196,798
Doug Dawes
Keller Williams Evolution - 447 Boston Street, Suite #5, Topsfield, MA - Topsfield, MA
Your Personal Realtor®

It's all manmade to reach a predetermined manmade outcome. How about that for a conspiracy theory?  I could go deeper into it...lol

May 01, 2020 09:49 AM
Ambassador
3,345,091
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

Only time will tell where this is going and when it will end. 

The only way to connect the dots is to know the truth about WHY all of this is happening and WHO is behind it. 

Life continues to inch forward as we shelter in place.  I focus on all the good that surrounds me and the many ways I am blessed. 

May 01, 2020 09:32 AM
Rainmaker
7,836,134
Roy Kelley
Retired - Gaithersburg, MD

My crystal ball is too cloudy to provide predictions.

May 01, 2020 08:21 AM
Rainmaker
3,416,038
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

When you inject politcis into the economy, it can be rough waters. When one party wants to crush the economy for an election. the people suffer. The key fact will be if banks keep loaning money. If they do, we can power through. If not, look out below

May 01, 2020 06:07 AM
Rainmaker
5,216,398
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Way beyond my salary level. Must say debt is out of control but some subsidies may be necessary to carry states through tough unchartered times. Absolutely no subsidies for their past sins!

May 01, 2020 05:15 AM
Rainmaker
1,513,143
Raymond E. Camp
Ontario, NY

Maybe now that the gravy is getting thinned out by the politicians, they also will have to learn how to tighten their belts! And that is a big hahahahahahaha!

May 01, 2020 04:38 AM
Rainmaker
2,182,552
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

I am very concerned for those under age 50 moving forward !!!

May 01, 2020 03:25 AM
Rainmaker
900,128
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Look at Germany for a good current economic model. The reason I say this is because their approach is "preventive", rather than "curative". By that I mean they  are stimulating their economy by focusing on keeping small and medium-size businesses afloat, allowing their employees to continue to draw paychecks as opposed laying them off to collect unemployment and stimulus checks, which sometimes are not applied in economically more desirable ways. Once a business is "boarded up", it's more difficult, and sometimes impossible, to get it going again. Bankruptcies are also costly to administer and are not always productive.

May 01, 2020 08:26 AM
Rainmaker
547,327
Steven Nickens
Hawaii Life Real Estate Brokers - Wailea, HI
R(S)GRI ABR, Maui Real Estate Hawaii

I think we have a window of low interest rates. So make hay while the sun is shinning. Sooner or later they will have to raise the rates to pay for all the money the Gov't printed.

May 02, 2020 04:48 AM