Welcome to passive real estate investing, the show where busy people like you learn how to build substantial passive income while creating wealth for the long term.

And now here's your host, Marco Santorelli.

Hello, my friends and welcome to another episode

of passive real estate investing.

I'm your host, Marco Santorelli.

Today, I'd like to talk a bit about the short-term impact and long-term impact of the

coronavirus on the housing and rental markets. Now pay attention as I'm going to

give you some insight and key takeaways on this episode. I'll have more to add in upcoming

episodes so if you haven't already now is a great time to click that

subscribe button so you don't miss out and keep in mind that this is evolving day by day and

although I am not a fan of the mainstream media, it is my opinion that they are

doing more harm than good by adding fuel to the fire of concern to those paying

attention to them. Now the coronavirus pandemic has already caused a decline in

the stock market though that was more out of fear than anything else. However, we can look back to the

recent historical events like the swine flu, the SARS epidemic, MERS, and other aggressive flu strains to make reasonable predictions of the impact of this COVID-19 or

also known as coronavirus pandemic on the housing market.

We can also use history to predict the impact of unusual responses to this pandemic such as Italy suspending mortgage and rent payments.

Historically speaking, the housing market is relatively stable during market disruptions like a recession.

Since 1980 there have been five official recessions in the United States.

In all but the 2008 financial crisis, inflation-adjusted home

prices only declined an average of 2.7% from the month before the recession began to the final month of the recession.

There is a good chance the market will remain hot for some but cool for others.

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