Sunday, February 16, 2020

Recession Repurposing: These guys bought a race track


These are the guys behind the Cleetus McFarland YouTube channel.  They bought this abandoned racetrack last month.

Who?  Yeah, that's what I said, I'd never heard of this channel, or these guys.  But that's no big deal, there are thousands of YouTube channels out there I've never heard of.  Here's what caught my attentionm the title, "We bought and abandoned racetrack!!!" 

If any of you have read my personal blog (Steve Emig: The White Bear), you know I tell old school BMX stories, I show my Sharpie art sometimes, and I write about  the economy, the future, and big picture societal issues.  You know, really boring shit no one cares about.  I'm actually most of the way through writing a whole, 20 chapter, mash-up book/blog thing about  the future, and all the crazy shit I see going on.  You can look at all the words you don't want to read here (Welcome to Dystopia: The Future is Now), and then click back here.  I'm into weird stuff, like futuristic thinking, that almost nobody cares about (until it happens). 

Here's why this clip caught my eye, when it popped up on the side of YouTube.  We're going through a whole slew of changes as a society.  A lot of things that once rocked, like this racetrack above, are going out of business.  A lot of amazing properties, even entire shopping malls, are going bankrupt, and winding up abandoned.  When we drop into the next recession, which should be before too long, that process will accelerate.  Yes, a lot of people get into trouble in recessions, and a lot of bad stuff happens, financially, and otherwise.  But the other side of that coin is that there are a lot of really incredible deals on pretty much everything, cars, ATV's, real estate, stocks, businesses, whatever you're into.  So there are a lot of abandoned buildings, bankrupt businesses, and other things that can be had for insane bargains during recessions.  Like this racetrack above.

That's what caught my attention, these guys from a successful YouTube channel were able to buy their own freakin' racetrack.  That's freakin' cool.  Sure, you can blow these guys off as a bunch of crazy, gearhead rednecks... mostly because they are... a bunch of crazy, gearhead rednecks.  But this was a cool and entertaining little video.  AND THEY BOUGHT THEIR OWN RACETRACK!

This is a cool example of things that have faded in popularity, and gone out of business (a local stock car track), and sat abandoned for a while.  Meanwhile, some guys who followed their passion, and build crazy vehicles for a YouTube channel that became financially successful, were able to ante up, and buy a property that's like a dream come true to them, and make it their own.  That's amazing.

If you have some money right now, or can put a cool deal together with people who have the money and other parts of the deal needed, there are a lot of cool opportunities out there.  When the next recession sets in, there will be all kinds of crazy deals, and hardly anybody in a position to take advantage of all the deals.  So keep that in mind, if you have some big dream, like buying your own racetrack.  Or whatever your dream is.  It just might be more possible than ever, in the next few years. 

Just something to think about...

 

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