Originally Posted by
datlas
Agree. I am not a market timer (which is a fool's errand IMO), I have most of my investments on auto-pilot so will ride it all out. I am kinda expecting a decent drop in the market sometime this year, however.
If I were really smart we would sell our house and move into a rental, but moving is too much of a PITA so will sit tight on modest real estate holdings too.
Smart man on all accounts.
The reason housing and equities haven’t tanked (yet?) is the hugely disparate nature of this. People like AG and me can still just buy a house; those hurt worst were mostly renters. They also weren’t buying equities. And with all real estate being local, places like Austin are still in high demand, and Saratoga was always one of the swanky places to have a place upstate (and now lets you escape the plague for a while). I’d wager that Schenectady is much worse. Or Abilene.