Stocks still down a few %. Hope the fall continues till it looks like 2008 … having half their portfolios wiped out will expunge a lot of people from the property markets. People who are worried about money don’t feel rich, and people who don’t feel rich hunker down and don’t buy property.
This isn’t due to COVID… this is a long-overdue deflation of Trumpy’s “big, ugly, fat bubble.” Remember when he said those words. Remember him bitching about the Fed keeping rates low to help Obama? Hope he’s eating them now!
