Having 60% of my wealth in hard assets, I cannot say I feel completely fine with what is going on.
1) Will my tenant ask for rental reversions during their tenancy period now to next year.
2) Existing just completed ones like PPR for me, what is the asking rental rate today. Seems like a race to the bottom. Some key collection are stuck but you got to pay maintenance regardless.
3) Loan refinancing due to interest rate cuts to reduce outlay. I refinanced 2 of my properties these 2 months. Reduction of 0.5 to 0.7% in interest PA.
4) Not looking at liquidating anything yet coz we know prices will take a beating and its coming in the next 2-3 quarters.
Monetary policy will run out of ammo with each passing day. Even Fed Powell hinted on Congress to put in fiscal policy moves (13th May 2020).
I do not believe in negative interest rates just as I do not believe in unlimited QE, it has to stop at some point.
5) REITs and other dividend investment not drawing that attractive yields due to dividend cuts and re-basing.
Locally, my personal view is that with CMs, this is actually saving some of us from over gearing before this CV-19 crisis but that does not put us all away from the meltdown. It just puts a longer distance towards the pit. If businesses do not do well (not sure you guys run essential businesses, I don't), one of these properties will have to go. I hope this is not the case but with crisis come opportunity. Things are at a bargain (not stocks, not yet) if you wait a little longer. Hopefully not one of mine.
All the best,
PropVestor