[quote=deadzone][quote=Coronita]
Again, dz, why are you so combative on this minor distinction of whether a vacation home is or is not an “investment”? In the greater scheme of things, vacation homes does not fit your conviction that these are homes that will be sold in a firesale if there is a downturn in housing because they are typically owned by wealthy people who aren’t stretched thin and be inclined to sell because a stock market or real estate market [/quote]
I’m combative? Your are one who is combative, spewing out 1000 word essays in response to every thing I post.
That said, the distinction of vacation home vs. investment is a fine line. The point is, thanks to the Pandemic, folks on the upper end gained extraordinary amount of wealth, as a direct result of the 5 trillion dollars of Fed money printing and government handouts. That is what led to an increased expenditures on vacation homes, Ferraris, etc. during this period. Whether you can classify those 3rd homes as investments or not is debatable. But what is not debatable is the amount of wealth that was generated during Covid and that many of these “wealthy” buying vacation homes were not able to do so prior to Covid.
So looking forward, all of that Fed money printing is now coming home to roost in terms of massive inflation (who could have predicted that?). Fed is pivoting, interest rates going up, asset markets are in the process of crashing, margin calls will result. Much of this recent Covid wealth effect will be vaporized and those 2nd and 3rd vacation homes will be the first to go when the margin calls are hit.[/quote]
Look dude. You’re in an alternative facts reality when you make.baseless statements that are false. Someone corrects your falseness and you end up reaching for corner cases to try to prove you point that you arent wrong. Multiple people have called you out at this point. If you were QA, you’d be the guy that despite things working, you’re looking for the one test case that causes a UI formatting issue if you rotate the phone 300 times in a row….and everyone else is like really dude?
