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The Pandemic of 2020 rages on. And raging perhaps louder than the disease itself is the on-going debate about when and how the economy should open. Protesters are out in multiple metropolitan areas, jobless claims went up another 3 million last week - nearly 35 million now unemployed. Yet the Governor of California this morning announced that the state will remain locked down until there is a vaccine. How about that for a ransom note? Did you know that the vast majority of viruses in existence have no vaccine. A successful vaccine for any virus is the exception rather than the rule. They still don\\u2019t have a vaccine for HIV, the virus that causes AIDS. They don\\u2019t really have a vaccine for the flu. They give you a flu shot which is somewhat effective in protecting you from the flu that was prevalent last year in Asia. If it were an effective vaccine, you wouldn\\u2019t need another one every year. Yes I know it mutates, but that\\u2019s the problem. Virus vaccines are remarkably difficult. I\\u2019m not saying they won\\u2019t develop one for COVID-19, but I think it may not be wise to hold forty million people hostage until they do.\\xa0
Those of us that look at the markets, attempting to read the signs, predict and prepare for the future have a difficult job right now as well. We have never seen anything like this. So what should we be doing with our real estate? It\'s a strange and unpredictable time in the market. Should we buy? Should we Sell? What should we buy? What should we sell? Perhaps we should sit tight? What are the experts saying? You can learn a lot by getting inside the mind of an experienced investor -- someone who has seen the market come and go and knows how to respond. Today we begin a two-part show with two prolific investors on a panel to talk about this. Gordon Catts has been an investor since 1970. He has seen just about everything there is to see in real estate and lived to tell the tale. He\\u2019s bought just about every type of asset imaginable and he\\u2019s working on a deal right now that will be amazing, but I\\u2019m under a non-disclosure agreement, so we will just have to tell you all about it when he wraps it up. It\\u2019s big. He is my friend, my mentor, and my go-to guy for perspective on real estate. Chris Larsen is a new friend, recently on this show and the author of the book, \\u201cNext-Level Income.\\u201d His grasp of analysis is keen and his attention to detail is rare. I read his book and was deeply impressed with his grasp of the small details and their impact on the big picture. They joined me recently for a panel discussion for the Flipping America REIA, a national REIA with a local focus. After launching in January we now have twelve local chapters, mostly across the southeast, but if you\\u2019re interested in leading one, let\\u2019s talk! Go to bit.ly/talktoroger to schedule an appointment.\\xa0
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