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Ken McElroy Show

Initial thoughts on coronavirus and the real estate market.

Ken McElroy Show

Ken McElroy

Business, Investing, Education, Business News, News

4.8692 Ratings

🗓️ 24 March 2020

⏱️ 19 minutes

🧾️ Download transcript

Summary

Join Ken as he gives his initial thoughts on the impact of the coronavirus on real estate and the economy in general.Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

Welcome to the Real Estate Strategies podcast. I'm Ken McRoy.

0:08.6

Hey everybody, it's Ken here, and I'm going to put out a series of a couple of week

0:12.8

over the next few weeks as we start to tackle some of these issues that we're dealing

0:17.4

with right now do this coronavirus. And so I'm going to give you kind of what

0:22.1

I see what we're doing as a company and a lot of the conversations I've had with lots and lots

0:27.4

of people really high up and people on the ground too that are actually dealing with this from a

0:32.1

business standpoint from a real estate standpoint so the first thing that I want to point out is

0:37.3

I believe that we're in a

0:39.1

humanitarian crisis right now. I believe that, you know, this is a human issue and then we need to

0:44.2

actually stop the spreading. I think that's very, very, very important because I'm seeing

0:49.7

lots of people out and about all the time. And, um, you know, part of this spreading is obviously getting

0:56.3

together in groups, even as painful as it is, as painful as it is to be home. It's very,

1:02.8

very important, I think, to help stop the spreading. So hopefully, um, some of you are doing that

1:08.3

now and those that you aren't please do so here's where we are

1:12.5

and here's kind of if you just follow the math and you take a look at the spread of the virus

1:17.8

in Italy and China for example it peaks in about four weeks and so what that means is that

1:25.2

when when China and Italy went on a lockdown it kind of peaked in four weeks.

1:30.9

Now, the numbers, we don't even need to go into those.

1:33.2

But if that's the case, and in the U.S., it peaks in four weeks from the lockdown,

1:38.5

that would mean from about mid-March till about mid-April.

1:43.6

It would actually be peaking sometime in mid-April maybe even perhaps

1:47.9

toward the end of April okay what that means is that for the next four to six weeks we potentially

...

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