The pandemic shutdown is a year old, real estate kept rocking, Biden signs humongous national bailout, vaccine rollout effects on business, and pandemic-resistant investing principles.
In Today’s News
March 11, 2020: The Day Everything Changed
While some changes happened gradually, there was one day that marked the beginning of the new normal: March 11, 2020. On that day in the United States, the pandemic future arrived all at once.
The Millionacres takeaway: This space is normally reserved for news more specifically focused on real estate investing. But what’s more real than the state the worst pandemic in a century has left us in? This NPR piece provides a good starting point for reflection.
In 2009, the Music Stopped. In 2020, Real Estate Kept Dancing
In the first weeks and months of the coronavirus pandemic, real estate professionals were asking one question again and again: Will it be as bad as the 2008 recession?
The Millionacres takeaway: Check out this article from Bisnow National for an argument about how big-picture data shows the pain for the real estate sector barely scratches the surface when compared with the Great Financial Crisis of 2008 and 2009. Perspective is an interesting thing.
President Biden Signs American Rescue Plan into Law
President Joe Biden signed the $1.9 trillion COVID-19 relief package into law on Thursday afternoon, a day earlier than expected, saying he didn’t want a day longer.
The Millionacres takeaway: Stimulus checks will start going out to eligible households by the weekend, billions upon billions will be poured into the coffers of restaurants and other businesses, and millions of households behind on their rent and house payments will get relief. (As will their landlords and lenders, presumably.) There’s a lot happening here all at once.
Today on Millionacres
Biden Says Vaccines Widely Available by May: 3 Ways that Could Impact Investors
The vaccine rollout has picked up enough steam that President Biden recently made a pretty bold statement: Any American adult who wants a vaccine should be able to get one by the end of May.
The Millionacres takeaway: Our Maurie Backman provides a quick look at three sectors that should really benefit from a return to economic health: office buildings, small businesses (including restaurants), and hotels.
3 Pandemic-Proof Real Estate Investing Strategies to Consider
It wasn't too long ago that if you heard about "pandemic-proof real estate investments," you'd probably lump that in with the zombie apocalypse. How things have changed.
The Millionacres takeaway: Our Laura Agadoni explains how three basic principles that held up before the novel coronavirus arrived still hold up now, as we hopefully approach the light at the end of the tunnel.