By Ingo Winzer | Forbes
Only a couple of weeks ago we were wondering if there will be a recession because of the coronavirus. Didn’t take long to find out.
Even though we don’t yet know what we’re in for—as Dr. Fauci says, “you don’t make the timeline, the virus makes the timeline” —we can start to think about the consequences for real estate markets.
First we do need to imagine what this recession will look like. If in fact the virus will peak anytime soon (in a matter of weeks, months?) we can be pretty sure that we’re facing a compressed but “normal” recession that has predictable outcomes. I think that’s what will happen, but it’s not too hard to imagine other scenarios where a larger catastrophe awaits.
