RE:RE:RE:RE:RE:RE:RE:FMV of MRT.UN propertiesshirtless, I happen to agreee. You are arguing against recency bias.... where what is occuring now will be the future forevermore.
Remember 9/11 no one thought people would fly again, yet what followed was the greatest two decades for aviation both in consumer travel and commercial jet orders.
2008 financial crisis where global residental real estate was crushed, only to be followed by record housing prices of today.
Fast forward to the covid crisis today... where the talk is no one will ever commute to work again, indoor dining and travel etc are dead... this is all baloney.
Every crisis leaves it's mark, post covid will be no different but long term will revert closer to the mean than how we lived last year.
Shirtlessnomore wrote: Agree, some folks are treating the last 12 months as if they were "the norm" going forward and it's not, there are many new ideas and new money waiting to pounce on new businesses to take advantage of peoples needs to get out and live, we have never lived in a more demanding society than we did prior to this virus, that is just bottled up and waiting to boom, they want stuff right now! Not whenever the box shows up at the door if it hasnt been stolen, they want to try clothes on, they want to be social again. We have wasted a year of our lives not doing these simple daily routines. In a year $5 here will sound completely ridiculous.
Copperrun wrote: Exactly I have 6 commercial businesses and 70% of the lenders called me and asked if I wanted a deferral. I'm sure they were offered it also