The Daily Ramble: Will Swine Flu knock out the real estate market?
With all that has gone on in the economy, would anyone have thought that swine flu would knock the economy off the front pages?
Will swine flu affect the real estate market? Of course it is too soon to tell, but the emerging consensus is that it will if it reaches truly pandemic status. Restrictions on travel, people home sick and a general slowdown in economic activity could restrict sales for the near term.
Barring a catastrophe, I doubt there will be a significant effect, and I will go so far to say it may be positive. Slow the market down, squeeze out some of the negative hysterical publicity, and allow time to let buyers and sellers take stock.
By the way, a true “pandemic’ is unlikely to cause the 50 million deaths that occurred in the 1918 swine flu pandemic. Medicine has advanced just slightly since then. The news media wants you to forget that.
So take your vitamins, buy hand sanitizer, and do not breather deep we will get though this!
