Ghost of Igloi wrote:
Racket wrote:
I'm just saying buying opportunities come only once every decade or so now,m and the window of opportunity gets smaller each time.
1999-2001
2008-2009
March/April of 2020
Next one will be like 3 days in 2030 or so.
What are the prospects for a V-shaped recovery?
Jokes aside, I don't know, and we won't know until the fall. I think the Fed and the US Government managed to successfully float the economy. The amount of money being sloshed around at every level is truly unprecedented. The issue now is successfully exiting the CARES Act programs and getting people back to work. I think foreclosures won't be much of an issue this time around but we might see mortgage servicing companies go bust (imo good; they provide no value to the economy or the consumer and are part of a bottom feeding business model that only exists in times of huge growth).
As for COVID-19, not many people really care anymore outside of the NYC area, and without significant leadership at the helm there's not much motivation to care.
As for Boise, I've seen some narratives that places like it can expect a huge influx of city folk. Worries of future pandemics, combined now with riots in the big cities, and high costs of living, and the fact that many white collar jobs are moving to full time remote could result in significant city life fatigue and a flight to cheaper, more rural areas.
Who would have thought Boise, Idaho would be a hot spot destination lol.