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well, by definition most renters in NYC are not home owners. But I bet most have savings in bank accounts and value their credit score. Those actually hard off will not care about anything except food on the table and a roof over their head any way possible
Not everything , but if a statement makes no sense it makes no sense ....the fact is no one knows where we are headed , not in stocks , not in interest rates and not in real estate.
One thing my 33 years as an investor taught me is what we all see and think is not how things tend to play out .
Look at markets ..we are Back within 10% of the all time highs .....in March all you saw was markets are going lower and lower ....
I agree, I never check my stocks because it's just company stocks but it went down and now it's back up there. Which means that none of that makes any sense anyway, since it's all based on perception rather than reality, to a certain extend.
Huh? Come on bro, you don’t really believe that. Savings isn’t an asset? Stocks? Our stock market long term trends have always been very positive. And homes are definitely an asset. You’re holding equity unless you made a stupid deal or are forced to sell in a major downturn.
Huh? Come on bro, you don’t really believe that. Savings isn’t an asset? Stocks? Our stock market long term trends have always been very positive. And homes are definitely an asset. You’re holding equity unless you made a stupid deal or are forced to sell in a major downturn.
Its not yours if you cant dictate its value
If you cant set the price its not yours
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"The man who sleeps on the floor, can never fall out of bed." -Martin Lawrence
there is no direct connection between wall street and main street . never was .
don't forget the major indexes like the s&p are only 5% hotels , energy , airlines , travel , leisure , restaurants and entertainment ....
the faang stocks dominate the entire index ... 20-25% of the 500 conpanies in the s&p 500 are internet sales and information services which are doing well .
layoffs increase profits ...companies only have to do less bad than analysts predicted and the stocks go up . google and facebook hit record highs yesterday .
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