
English: 
Are we headed to another recession? Is
this 2008 again? Everything's crashing it
feels very scary...
I'm Lindsey Johnson with Watson Realty
and today on the Lindsye Johnson show I
want to discuss 1.) The economy 2.) How the
stock market is affecting home prices
and 3.) How this is not a repeat of 2008
okay today I've got a lot to cover I'm
gonna jump right into it I'm just gonna
give you a heads up right now that
there's gonna be a ton of data coming
your way I've got some slides that I'll
be showing and I'm just gonna try to
break this down for you because I think
in this time of uncertainty and at this
time of like crazy news and headlines
and fear and it's all it's all justified
because this is unprecedented and nobody
really knows what's happening but amidst
all that I really like to be the source
of some actual facts for you for your

English: 
are we headed to another recession is
this 2008 again everything's crashing it
feels very scary
I'm Lindsay Johnson with Watson Realty
and today on the Lindsay Johnson show I
want to discuss the economy how the
stock market is affecting home prices
and how this is not a repeat of 2008
[Music]
[Applause]
okay today I've got a lot to cover I'm
gonna jump right into it I'm just gonna
give you a heads up right now that
there's gonna be a ton of data coming
your way I've got some slides that I'll
be showing and I'm just gonna try to
break this down for you because I think
in this time of uncertainty and at this
time of like crazy news and headlines
and fear and it's all it's all justified
because this is unprecedented and nobody
really knows what's happening but amidst
all that I really like to be the source
of some actual facts for you for your

English: 
loved ones to hopefully give you an
anchor in this uncertain time and to
just give you some information that you
can you know do with what you like so
let's discuss the big R word that keeps
getting thrown around as we enter this
economic recession some people are
referencing is a recession some aren't
but what I want to pop up here is a
slide that talks about the last five
recessions because what I want you to
just if you get nothing else from this
is just to remember a recession does not
equal a housing crisis the freshest
thing in our minds is 2008 where that
recession was actually caused by a
crumbling housing market this is not
that this graph that I'm gonna have up
here shows the last five recessions and
what you can see is the fact that of the
last five recessions in three of them
housing prices actually increased 2008
was due to a crumbling mortgage and
housing market but what you'll see is

English: 
loved ones to hopefully give you an
anchor in this uncertain time and to
just give you some information that you
can you know do with what you like so
let's discuss the big R word that keeps
getting thrown around as we enter this
economic recession some people are
referencing is a recession some aren't
but what I want to pop up here is a
slide that talks about the last five
recessions because what I want you to
just if you get nothing else from this
is just to remember a recession does not
equal a housing crisis the freshest
thing in our minds is 2008 where that
recession was actually caused by a
crumbling housing market this is not
that this graph that I'm gonna have up
here shows the last five recessions and
what you can see is the fact that of the
last five recessions in three of them
housing prices actually increased 2008
was due to a crumbling mortgage and
housing market but what you'll see is

English: 
other recessions that have been
triggered by different reasons
generally housing prices increase
because people pull their money out of
the stock market and they put it in a
safer investment oftentimes that's real
estate I know for myself and several of
my colleagues who are
around the country we've been seeing
this with customers coming to us with
money that they've cashed out from the
stock market wanting a place to put it
whether it be for an investment or for
their own personal home there is some of
that happening throughout the country
the next slide I'm going to show is the
Goldman Sachs GDP gross domestic product
for forecast and this is where I want
you to buckle up because for this
quarter we are gonna be on a wild ride
so let's buckle up and get through it
because you see right here huge drop
but what's encouraging is this is a
v-shaped lying graph and what the
v-shape means is we're gonna dive down
we're gonna dive down far but as soon as
life returns to normal things are gonna

English: 
other recessions that have been
triggered by different reasons
generally housing prices increase
because people pull their money out of
the stock market and they put it in a
safer investment oftentimes that's real
estate I know for myself and several of
my colleagues who are
around the country we've been seeing
this with customers coming to us with
money that they've cashed out from the
stock market wanting a place to put it
whether it be for an investment or for
their own personal home there is some of
that happening throughout the country
the next slide I'm going to show is the
Goldman Sachs GDP gross domestic product
for forecast and this is where I want
you to buckle up because for this
quarter we are gonna be on a wild ride
so let's buckle up and get through it
because you see right here huge drop
but what's encouraging is this is a
v-shaped lying graph and what the
v-shape means is we're gonna dive down
we're gonna dive down far but as soon as
life returns to normal things are gonna
skyrocket and they're gonna skyrocket

English: 
quickly it was actually David at keeping
current matters who phrased it this way
and I thought it was such a great
analogy
he said 2008 was like a tornado it just
leveled everything overnight and it took
a really long time to rebuild this
economic slowdown is more like a heavy
snowstorm now I live in Florida so I
have to kind of wrap my head around this
a little bit but for those of you up
north you get a better idea of what this
means heavy snowstorm it comes in it
weighs everything down but what happens
is the snow eventually melts and life
returns to normal pretty quickly and
that's what we're gonna be seeing here
once we get through this storm and we're
back we're ready to safely go back to
work and go back to school and get out
of our houses and go to restaurants
again and go to sporting events we're
gonna see a huge demand and increase
pretty quickly so as long as we can
weather this uncertainty for now just
know that this is not going to be a five

English: 
skyrocket and they're gonna skyrocket
quickly it was actually David at keeping
current matters who phrased it this way
and I thought it was such a great
analogy
he said 2008 was like a tornado it just
leveled everything overnight and it took
a really long time to rebuild this
economic slowdown is more like a heavy
snowstorm now I live in Florida so I
have to kind of wrap my head around this
a little bit but for those of you up
north you get a better idea of what this
means heavy snowstorm it comes in it
weighs everything down but what happens
is the snow eventually melts and life
returns to normal pretty quickly and
that's what we're gonna be seeing here
once we get through this storm and we're
back we're ready to safely go back to
work and go back to school and get out
of our houses and go to restaurants
again and go to sporting events we're
gonna see a huge demand and increase
pretty quickly so as long as we can
weather this uncertainty for now just
know that this is not going to be a five

English: 
six year recovery it's gonna be a pretty
pretty quick recovery which brings me to
the analogy of the.com 9/11 crash this
like that snowstorm this is much more
similar to 9/11 and the events of those
days then this is to 2008 the economy is
shut down because of a global pandemic
it's not shut down because of any sort
of housing crisis in fact leading up to
March this year in real estate we were
seeing more
sailes than we had seen in over a decade
it was shaping up to be a really
incredible year for real estate
the reason the brakes have been put on
that is not because of housing like in
2008 but more because of an event an
event where people like 9/11 are going
into their houses instead of being
afraid of a terrorist attack now they're
afraid of being sick now don't get me
wrong these are all good reasons to be
staying home and that's what me and my
family are doing but the recovery for
something like that's a lot faster
because the the problem is not related

English: 
six year recovery it's gonna be a pretty
pretty quick recovery which brings me to
the analogy of the.com 9/11 crash this
like that snowstorm this is much more
similar to 9/11 and the events of those
days then this is to 2008 the economy is
shut down because of a global pandemic
it's not shut down because of any sort
of housing crisis in fact leading up to
March this year in real estate we were
seeing more
sailes than we had seen in over a decade
it was shaping up to be a really
incredible year for real estate
the reason the brakes have been put on
that is not because of housing like in
2008 but more because of an event an
event where people like 9/11 are going
into their houses instead of being
afraid of a terrorist attack now they're
afraid of being sick now don't get me
wrong these are all good reasons to be
staying home and that's what me and my
family are doing but the recovery for
something like that's a lot faster

English: 
to housing is not related to specific
economic issues so one thing that you
might find really helpful is this graph
right here which is PwC calm did a
survey recently just I think a couple
weeks ago of 50 Fortune 1000 companies
and they asked them this question they
said if Kovac 19 were to end today how
long would it take you to get back to
business as usual it's really
encouraging is that 90 percent of those
interviewed said it would take one to
three months to get back to business as
usual of that 90 percent sixty-six
percent said it would take them one
month so again we're talking we're
talking months of recovery not years and
what is the point of all this the point
of all of this is just to give you some
real information trust your intelligence
that you're gonna do with it what works
best for you and your family but just to
know that right now it's uncertain right
now it's super scary and and right now

English: 
because the the problem is not related
to housing is not related to specific
economic issues so one thing that you
might find really helpful is this graph
right here which is PwC calm did a
survey recently just I think a couple
weeks ago of 50 Fortune 1000 companies
and they asked them this question they
said if Kovac 19 were to end today how
long would it take you to get back to
business as usual it's really
encouraging is that 90 percent of those
interviewed said it would take one to
three months to get back to business as
usual of that 90 percent sixty-six
percent said it would take them one
month so again we're talking we're
talking months of recovery not years and
what is the point of all this the point
of all of this is just to give you some
real information trust your intelligence
that you're gonna do with it what works
best for you and your family but just to
know that right now it's uncertain right

English: 
now it's super scary and and right now
we don't really know what the near
future holds but just to remember that
this is not 2008 that home prices
actually tend to increase when stock
market Falls and just to keep in mind
this quote from Steve Harney who
actually is the founder of keeping
current matters again I'll say it again
great information fact-based super
amazing website to get plugged into but
here's what Steve Harney said he said
the reality is that the economic reports
released over the next few weeks will
look horrifying because the pause button
has been hit on the US economy
remember home sales for the first two
months of 2020 were the best they have
been since 2007 then the world stopped
once things get back to normal we will
be fine
don't let the upcoming headlines rattle
you so big thanks to Steve and David at

English: 
we don't really know what the near
future holds but just to remember that
this is not 2008 that home prices
actually tend to increase when stock
market Falls and just to keep in mind
this quote from Steve Harney who
actually is the founder of keeping
current matters again I'll say it again
great information fact-based super
amazing website to get plugged into but
here's what Steve Harney said he said
the reality is that the economic reports
released over the next few weeks will
look horrifying because the pause button
has been hit on the US economy
remember home sales for the first two
months of 2020 were the best they have
been since 2007 then the world stopped
once things get back to normal we will
be fine
don't let the upcoming headlines rattle
you so big thanks to Steve and David at

English: 
keeping current matters
I'm Lindsey Johnson with Watson Realty
in Gainesville Florida
I hope this has proven to be helpful if
you have any questions about this if you
are just wondering what this all means
for you and your family I'm here to help
please feel free to drop a comment below
or send me a message and let me know if
you've got any questions I'm happy to do
virtual meetings any time and I'll be
home so here's hoping you have a safe
and wonderful day and I'll see you next
time

English: 
keeping current matters
I'm Lindsay Johnson with Watson Realty
in Gainesville Florida
I hope this has proven to be helpful if
you have any questions about this if you
are just wondering what this all means
for you and your family I'm here to help
please feel free to drop a comment below
or send me a message and let me know if
you've got any questions I'm happy to do
virtual meetings any time and I'll be
home so here's hoping you have a safe
and wonderful day and I'll see you next
time
[Music]
[Applause]
[Music]
