RE:The bear thesis just got demolished...I agree in this shorter term whole heartedly. IF we can lift the emergency measures and gets kids back in school, parents back to work, trim some fat in government (good luck) and make sure people can pay their mortgages, we will be ok in the longer run. But right now we are in a grace period. There were alot of firings of top execs in the early days of COVID. They had expensive homes also and were likely lured by easy credit. So ultimately they will need to sell assets and possibly dump homes. Not to mention if COVID really does start to run its course and there are all kinds of beneficiaries inheriting assets and property they don't want.
So in about a year, we may have some deals out there.....good idea to start raising cash. Cash will always be king.
Just sold a 24 foot cruiser this weekend.....I am too busy to be out on it again this year. It sold in a few hours for a great price and there were 4 other buyers waiting to take it that I had to turn down. These assets - boats and cottages are also in high demand right now. Everyone needs to escape.
HCG is a good hold for now... Would love to see it back at the 52 week high - not sure if that is possible. Staying the course......
GLTA!