Crash is always six months away. But everyone has a job. Those at the bottom of the income ladder have gained the most, and they just pump money into the system. Spring break travel is higher than last year. This is the first year without a variant or some other covid issue, so still pent up demand, going back to the office, etc. Interest rates haven't changed debt service for fixed rate mortgage holders. But would I want to own empty office buildings? Hold floating rate debt? Buy my wife's boyfriend a house? Not in 6 months, no.
mabsta t1_jdk2fyx wrote
Reply to comment by Otherwise-Tale9671 in Can anyone provide an honest reason to be bullish right now? by [deleted]
Crash is always six months away. But everyone has a job. Those at the bottom of the income ladder have gained the most, and they just pump money into the system. Spring break travel is higher than last year. This is the first year without a variant or some other covid issue, so still pent up demand, going back to the office, etc. Interest rates haven't changed debt service for fixed rate mortgage holders. But would I want to own empty office buildings? Hold floating rate debt? Buy my wife's boyfriend a house? Not in 6 months, no.