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Thread: Boy, that Dow

  1. #211
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    I donít see holding cash as a decision to stay out of the market. I see it as a decision to participate in a different market. I certainly agree that the creation of so much more money in the short term will have negative consequences in the long term.

  2. #212
    Senior Member dmc's Avatar
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    I’m thinking second homes may drop in price. I’d like to pick up a small condo or house down in the Florida Keys, or maybe something local for a rental.

  3. #213
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    Quote Originally Posted by dmc View Post
    Iím thinking second homes may drop in price. Iíd like to pick up a small condo or house down in the Florida Keys, or maybe something local for a rental.

    I agree with you and think that sounds like a good plan.

  4. #214
    Senior Member dmc's Avatar
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    Well the market is not doing that bad, with my rebalancing I’ll need to sell some stock soon due to gains. Will be my third time this year. I’m still down YTD, but not much, and I’m up looking back 12 months.

    and so far the real estate has been fairly steady here. Not sure about the keys yet as they are still not open. I would think they would be taking a pounding, but all those northerners keep buying.

  5. #215
    Senior Member catherine's Avatar
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    Quote Originally Posted by Tybee View Post
    I agree with you and think that sounds like a good plan.
    In New England, real estate for second homes is blowing up (maybe not blowing up, exactly) because a lot of New Yorkers are anticipating another COVID surge and don't want to be trapped in NYC again.

    https://r-login.wordpress.com/remote...c3IxKuc-yuA&h=
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  6. #216
    Senior Member Teacher Terry's Avatar
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    The link wouldn’t work. I am curious.

  7. #217
    Senior Member catherine's Avatar
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    Quote Originally Posted by Teacher Terry View Post
    The link wouldn’t work. I am curious.
    Try this one:

    https://nypost.com/2020/05/20/corona...site%20buttons
    "Do any human beings ever realize life while they live it--every, every minute?" Emily Webb, Our Town
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  8. #218
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    Quote Originally Posted by catherine View Post
    That works!
    Interesting. I guess the Maine market is going to get even worse, except people are angry that Maine won't let them come up without the 14 day quarantine right now.

  9. #219
    Senior Member Teacher Terry's Avatar
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    Thanks Catherine. That worked.

  10. #220
    Senior Member iris lilies's Avatar
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    Quote Originally Posted by Tybee View Post
    That works!
    Interesting. I guess the Maine market is going to get even worse, except people are angry that Maine won't let them come up without the 14 day quarantine right now.
    How are the states keeping people out?

    In St. Louis we border Illinois. Missouri is now open and Illinois closeD down but people have to travel back-and-forth between work. Somehow I doubt Illinois blocking the bridges to keep people out.

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