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

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 a 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: Grocapitus.com MultifamilyU.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 a data rates may apply. Reply “STOP” to cancel. New Construction Turnkey Property: NewConstructionTurnkey.com Best Financial Education: GetRichEducation.com Top Properties a Providers: GREturnkey.com Follow us on Instagram: @getricheducation Keith’s personal Instagram: @keithweinhold

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