BREAKDOWN: Surveying the Carnage: How Real Estate, Travel and Music Are Faring During the Crisis

CoinDesk Podcast Network

English - May 06, 2020 19:01 - 25 minutes - 23.3 MB - ★★★★★ - 39 ratings
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Previous Episode: BREAKDOWN: Why Crypto Matters for Financial Inclusion, Feat. Celo's Marek Olszewski

Next Episode: BREAKDOWN: 9 Reasons Why Bitcoin Has Never Been Stronger Going Into a Halving

This episode is sponsored by ErisX, The Stellar Development Foundation and Grayscale Digital Large Cap Investment Fund.

The second order effects of the COVID-19 crisis are here, and they’re painful. In this episode, NLW looks at how COVID is impacting three industries:

Travel and tourism

100m lost jobs expected globally $2.7 in lost GDP Airbnb lays of 25% of employees

Music & Concerts

From a record $12.2B concert year to a loss of $9BExpectations of concert prohibition lasting up to two yearsIndustry organizing to be included in relief

Real Estate

Commercial real estate expecting 2.5% default rate for 5+ years Negotiations around sales-based payment instead of traditional rent Residential sees cratering demand but home prices remain up year over year

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