Coronavirus vs. Real Information Observations from a Beverly Hills Realtor: Endre Barath, Jr.
I have not written a blog post in some time; the reasons are many. Gratefully, the main reason was because, I have been extremely busy. This post was inspired by all the bad information I have seen that has been creating volatility and has been pushing the stock markets lower.
I saw a post from a well-respected California Association of Realtors “expert”, I could not believe my eyes she was blaming three months ago California Real Estate Activity on the Coronavirus, SERIOUSLY??? Sadly, I find that the coronavirus is a human tragedy and I sympathize with all those people who have been directly impacted. It does not give the right for people to give bad information and calloused information about the causes and effects. Experts need to own up to their titles and not provide misinformation if they want to keep their title of being experts.
Yes, I understand that the virus-related information has been and continues to affects the global stock market. I find it very reactionary and just because inexperienced investors quickly buy or sell without deep analysis, that does not mean the world is coming to an end. Let’s be clear there are algorithmic and program trading that are in the mix as well.
Real Estate is not in a reactionary stage and it really annoyed me that someone so well-respected from the California Association of Realtors, who has been touted as an Expert would try to blame the Real Estate activity or the lack of on the Coronavirus. Serious investors generally gravitate to Real Estate when the Stock Market is acting up.
Just to be clear, this year, I have sold a house in Irvine in January and the seller was from Asia and the buyer was from India. We did not even hear of the Coronavirus for all practical effect. Then in February I sold a house in Mission Viejo to an Asian buyer, yes, we read about the Coronavirus, clearly no effect.
Small time investors need to look at their risk tolerance, the less your risk tolerance is the more you need to move into safer assets and guess what Real Estate generally is a safer asset. If there is a shortage of inventory in California the odds are better for you to invest into income property and know you will not only generate income, but your home values will increase in the long run.
So, with that said do not stress but reach out to someone who is knowledgeable about not only the Stock Market but the Local Los Angeles Real Estate Market.
Again, my heart and thoughts are with those who have been directly impacted by the coronavirus but let me encourage you to speak with me if you have specific question about your situation and what your long-term goals are. I have been a Beverly Hills Realtor for the past 23 years and I am confident I can give you straight answers.
If you are looking for a knowledgeable, focused and goal-oriented Realtor in the Beverly Hills area who will help you achieve your Real Estate goals, please reach out to me directly!
If you are looking for a pet friendly Beverly Hills Realtor who can handle and sell the most difficult properties that no one else could, please reach out to me directly!! If you are considering buying or selling a home, a luxury home, luxury investment real estate, luxury vacation homes, or luxury beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Marina Del Rey, Venice or Malibu, feel free to contact me at 310.486.1002 ( m) email@example.com or visit one of my websites at https://www.endrebarath.com I contribute a portion of my commission to local animal rescue organizations.
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