I wonder if this will trigger permanent relocations from NYC to suburbia like after 9/11. Real estate bubble next spring?
After 9/11 a client who worked at NYU on 14th St told me she was gonna move "as far away as possible." She ended up at Columbia on 116th St. Corona is gonna make city people become hermits in Lowville.
The Bear Market that followed the 1957 crash triggered by the Asian Flu didn’t last anywhere near that long, and the markets back then were probably more tied to fundamentals than the crazy market of the past few years. Trying to predict what the markets are going to do seems like pure folly! I’m guessing you are wrong on your 3-5 year outlook, and things will come back quicker.....but who knows!