Friedrich
Well-Known Member
- First Name
- Friedrich
- Joined
- Apr 30, 2019
- Threads
- 2
- Messages
- 203
- Reaction score
- 202
- Location
- Atlanta
- Vehicles
- Future: 2020 Porsche Taycan, 2022 Tesla Y; Current: Boxster S, Acura MDX; Past: 66 VW Beetle, 82 Porsche SC Targa, 91 Acura NSX, 98 Porsche Carrera Cabr, 2002 Porsche Carrera Cabr, 2004 Porsche Cayenne S
I put a deposit down in January 2019, but I was waiting to order so that I could test drive a 4S, but also waiting to see some of the color choices in person rather than just photos. I was planning on buying the Frozen Blue, as the car will be for my wife and she loves light blue, but sometimes light blues don't look good on all vehicles.....so maybe Mamba Green to be daring, or white or silver to be boring but beautiful and safe choice.
Now with the Coronavirius, Goldman Sachs has already predicted -6% downturn in the first quarter in GDP, -24% downturn in GDP in the second quarter.....rates only matched in the USA during the Great Depression of the 1930s. Of course lot of the drop is due to the forced or voluntary lockdowns and will bounce back as soon as the health crisis is over, but there will be catastrophic permanent economic damage will have been done. how much is the only question...
I am a commercial landlord with office buildings specializing to leasing to small businesses, mostly mom and pop start up business, so I am definitely going to wait this one out to see the full impact of the massive economic recession on my real estate business. I have to be prepared to collect only half the rental payments, or less! I also was planning on completely remodeling (completely gut and rebuild) our highrise condo and put that on hold as well. Sadly, I realize there will be millions and millions people will think the same about spending, which then produces a self-fulfilling prophecy of the economic downturn , just making it worse.
So yes, the worldwide coronavirus pandemic definitely made be put my purchase on indefinite hold
Now with the Coronavirius, Goldman Sachs has already predicted -6% downturn in the first quarter in GDP, -24% downturn in GDP in the second quarter.....rates only matched in the USA during the Great Depression of the 1930s. Of course lot of the drop is due to the forced or voluntary lockdowns and will bounce back as soon as the health crisis is over, but there will be catastrophic permanent economic damage will have been done. how much is the only question...
I am a commercial landlord with office buildings specializing to leasing to small businesses, mostly mom and pop start up business, so I am definitely going to wait this one out to see the full impact of the massive economic recession on my real estate business. I have to be prepared to collect only half the rental payments, or less! I also was planning on completely remodeling (completely gut and rebuild) our highrise condo and put that on hold as well. Sadly, I realize there will be millions and millions people will think the same about spending, which then produces a self-fulfilling prophecy of the economic downturn , just making it worse.
So yes, the worldwide coronavirus pandemic definitely made be put my purchase on indefinite hold
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