{"id":464,"date":"2020-03-05T07:00:00","date_gmt":"2020-03-05T07:00:00","guid":{"rendered":"https:\/\/www.realtrends.com\/blog\/2020\/03\/05\/black-swans-high-impacts-events-their-impact-on-real-estate\/"},"modified":"2025-03-13T02:03:17","modified_gmt":"2025-03-13T02:03:17","slug":"black-swans-high-impacts-events-their-impact-on-real-estate","status":"publish","type":"post","link":"https:\/\/www.realtrends.com\/blog\/2020\/03\/05\/black-swans-high-impacts-events-their-impact-on-real-estate\/","title":{"rendered":"Black Swans: High Impact Events &#038; Their Impact on Real Estate"},"content":{"rendered":"<p><em>Low-probability, high-impact events have defined the 21st Century.<\/em><\/p>\n<p><!--more--><\/p>\n<p>In a February 4, article in <em>The Wall Street Journal<\/em> concerning the potential impact of the Coronavirus, the writer said, \u201cSo far, the 21st Century has been an age of Black Swans, from 9\/11 to the election of President Trump to Brexit, low-probability, high-impact events have reshaped the world order. That age isn\u2019t over, and of the black swans still, to arrive, the Coronavirus is unlikely to be the last to materialize out of China.\u201d<\/p>\n<p>In answering questions from brokerage firms over the years concerning the American housing market, the future of brokerage, and the valuations of brokerage firms, we\u2019ve often said, \u2018Absent a 9\/11 event of some kind; the market looks good for some years ahead.\u2019<\/p>\n<p>We are hugely concerned about the Coronavirus, first for the human tragedy and the lives lost to it, and, secondly, for the impact it\u2019s already having and that it might have on the economy of the world, and the United States. It could be that this is not just going to pass quickly. As of this writing, the confirmed cases are over 20,000, just in China. It could have a profound impact on everyone in the world.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Low-probability, high-impact events have defined the 21st Century.<\/p>\n","protected":false},"author":15802,"featured_media":4822,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3255],"tags":[],"coauthors":[],"class_list":["post-464","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-archive"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.4 (Yoast SEO v26.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Black Swans: High Impact Events &amp; Their Impact on Real Estate<\/title>\n<meta name=\"description\" content=\"How events like the Coronavirus impact real estate\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.realtrends.com\/blog\/2020\/03\/05\/black-swans-high-impacts-events-their-impact-on-real-estate\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Black Swans: High Impact Events &amp; 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