Did they ever wonder what the angels and other powers thought as we dustified these human population centers?

My folks (who I am sure are quite a bit older than you and your Mrs.) finally appear close to doing the same. They are in a northern area with rough winters and rather remote. They are visiting my sister now, who lives in the south. I hope they make a move soon, before it becomes too difficult.

She’s thinking who’s going to take care of us when we can’t. They aren’t going to move here.

I too think we’ll see regional ups and downs in housing. I was in the city of my birth, Chicago, recently. Downtown at lunchtime on a weekday. A tumbleweed wouldn’t have been out of place. It was astounding how empty it was. I spent a few hours there over a couple of days. Rode public transportation quite a bit. It seemed dead. Long dead. Hard to believe there won’t be a huge commercial real estate downturn in most big cities. And high priced residential real estate has to drop in those same areas.

But parts of Texas, Arizona, Colorado, Florida, Tennessee, the coastal Carolinas… I don’t see why those areas will stop growing. Not only is the pandemic and blue government abuses pushing folks towards those states; we are in the beginning stages of the Great Baby Boomer Retirement push. Boomers will continue to downsize and move to warm places, or places with mountains and skiing, or lakes and rivers.

(Witness our very own, physicsguy!)

At that time in Texas you could buy a 4/5 bedroom new home with acreage for that money.

No doubt the housing market will be reginal with winners and losers.

I played this one many times. I’d buy at 5 sell at 6+ and paid a good dividend
nymt … New York Mortgage Trust Inc .. it’s sucking wind now!

Regarding crypto, you wrote, “… I don’t understand it.” AND “Where is the value?” Your follow up question shows that you do understand it! 🙂

You’re right, the scary thing about crypto is it has no value. But, if you really want to be scared; how is that different from fiat currency, the paper bills in your wallet? Some cryptos are better than others, but in regards to Bitcoin, it is designed to get harder and harder to mine over time. The more coins that are discovered, the longer it will be between new coin discoveries. And, this is really important, there is a finite limit. Like gold (and unlike fiat currency the U.S. treasury prints), it is a precious object.

What seems very odd regarding Bitcoin and other cryptos is there is literally nothing tangible. The fact that one can hold a $5 bill makes it “feel” safer. But, as we have seen all too frequently lately, but Treasury can create more and more bills whenever it wants. And, similarly to crypto, it often doesn’t even bother to print bills, it just transfers ones and zeros to banks.

Perhaps the most interesting thing about Bitcoin is how stable and traceable it is (ownership is indisputable, it can’t really be forged), but it’s extraordinarily fungible and is completely untethered from any government or governing body.

I’m still convinced there is a real correction coming. Who knows how much. What i do know markets don’t care who the president is. They only care … can business make money or even more important can they make money in the future… always forward looking. I don’t see Bidens policys being business friendly. So we’ll see what happens.

Gold … no idea
Silver … no idea
Crypto … scares the bejebass out of me. I guess it’s because i don’t understand it. Where is the value?