305: How To Survive A Horrific Economic Contraction with Anna Myers

How To Survive A Horrific Economic Contraction with Anna Myers

by Keith Weinhold | Get Rich Education

GDP fell 33% annually, the unemployment rate is high, and even the Tokyo Olympics have been postponed, all pandemic-driven.

Housing continues to hold up well. Nearly all assets are – gold, stocks, crypto, and some commodities. This is partly due to a weaker dollar.

The gap between “haves” and “have nots” widens in the pandemic.

15-year mortgage rates fell below 2%.

VP of Grocapitus, Anna Myers joins us to discuss real estate trends, market analysis, and where to invest for economic survival.

Neither she nor I see a “V-shaped recovery”. I’ve been saying this for five months.

Anna & I discuss real estate’s winners and losers in the pandemic.

With more people having shakier job situations, fewer qualify for loans. This increases the renter pool.

Winners: smaller cities, suburbs, e-commerce, tech, warehouses, places like Salt Lake City, Raleigh-Durham, Memphis

Losers: high density places, hospitality, medical, oil, long-term college.

Resources Mentioned >

Resources Mentioned: Grocapitus.comMultifamilyU.com | https://www-housingwire-com.cdn.ampproject.org/c/s/www.housingwire.com/articles/uwm-now-offering-15-year-fixed-mortgage-rate-as-low-as-1-875/amp/ | Mortgage Loans: RidgeLendingGroup.com | QRPs: text “QRP” in ALL CAPS to 72000 or: eQRP.co 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 | Top Properties & Providers: GREturnkey.com | Follow us on Instagram: @getricheducation | Keith’s personal Instagram: @keithweinhold

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