To: Pogeu Mahone who wrote (161588 ) 8/23/2020 4:22:04 PM From: TobagoJack Respond to of 219539 Re << Can it ever fully recover? >> Yes, but not exactly, and a cup of coffee would cost a bit more than now, nominally, a guess if forced to guess now, should a recovery take place in real estate, instead of worsening. The scenario could be, by guessing without imagination re the Doom Loop (“DL”), leading into TeoTwawKi 2026 and onward to DI 2032: Feedback via usual banking route, but on multiple levels in mutually-reinforcing simultaneous-progression - Collateral less good - Business models broken and less real estate requirements - Staff let go - Customers illiquid / insolvent / bankrupt - Further impacting real estate and enhancing DL - Efforts to revisit the workings of the DL making social issues worse ensuring blowback Thus explaining the global struggle by fiscal / monetary means to maintain facade of normalcy during once in a life time multiple wave shellacking at peak pricing moment Paper financial markets most liquid, and reacts first, trickle down to other markets All finds new equilibrium value. If lucky, faith in governments stands, and trust in paper money stays. If not, Doom Loop progresses to next level, TeoTwawKi, and again, Darkest Interregnum. Private homes and some city center stuff should recover, sooner or later, hold relative-leveling after much wet work in the arena of all assets. Given above, we must pray that the global monetary / fiscal fight back shall be successful, and that we actually progress on the medical science front w/r to CoVid arriving at permanent resolution. Wearing masks can only be temporary. Social distancing is bad for business. Lockdowns are killers of everything we know. If two 80+ years old folks in Johannesburg can survive CoVid, as long as hospitals are not overwhelmed by implementations of lockdowns / social-distancings that buffer and allow a slower burn, the scientists ought to be able to get us through the carnage, assuming know-nothing political class does not weaponise the virus for own ends. Alternative scenario could be that real estate craters, or melts, from the inside out, Ebola-esque. A different Doom Loop, but still a Doom Loop. There are various plausibly less acceptable / unacceptable geopolitical / political workarounds that might be better to far better, but no point contemplating as long as political class has not the wisdom to see. As far as Team USA election cycle 2020 is concerned, no discussions have taken place worth a mention, so can confidently write off the next 4 years unless new cabinet miraculously gets filled by exceptionally meritocratic folks who can cooperate with each other and with others.