We will get through this. And we are here to support you.
To our friends, clients, and colleagues:
Like you, we are closely watching events unfold surrounding the COVID-19 pandemic and the resulting disruption to the financial markets and our society. This impact will likely continue for several more months as the Coronavirus eventually peaks throughout the United States and the rest of the world.
We remain in regular contact with infectious disease specialists who tell us that the best things you can do right now are wash your hands frequently, avoid touching your face, and try to avoid large groups of people. Elderly individuals and those with preexisting medical conditions such as diabetes and cancer should take extra precautions to avoid crowds. If you can avoid traveling at present, it is the safest course of action.
At Morris Southeast Group, we have been through many shocks to our society and financial systems since our company was formed. These include:
- 1979: The oil market shock
- 1987: The stock market crash kicked off by “Black Monday”
- 1989–1995: The savings and loan crisis
- 1990–1991: Gulf War I
- 2000–2002: The bursting of the dot-com bubble
- 2001–2002: The 9/11 attacks, the invasion of Afghanistan, and the resulting market correction and change to U.S. and global markets
- 2003–2011: Gulf War II
- 2005–2011: The housing bubble, the subprime mortgage crisis, The Great Recession, and their after-effects
Each of these events was incredibly disruptive—and each caused a lot of fear about the future and our personal and collective ability to survive change. But in every case, we not only recovered, but our society and economy grew and became stronger. Stay safe and take appropriate precautions. But please keep this perspective in mind as the media bombardment of minute-by-minute Coronavirus updates continues. And remember that our team at Morris Southeast Group is here to help support you during this difficult time.
If you have any commercial real estate questions or concerns, get in touch with Morris Southeast Group at 954.474.1776. You can also reach Ken Morris directly at 954.240.4400 or via email at kenmorris@morrissegroup.com.
Tags: Coronavirus Storm, Coronavirus updates, media bombardment
