Let me put this in the plainist english I know: The crap starting to hit the fan right now has real legs!! The most I’ve ever seen in 50 years! Making assumptions based on anything besides the Great Depression is foolish at this time.
If you’re really worried about your kids school and location, rent in the hood you like and/or send you kid to a private school. This way your not locking yourself into a deal that could easily sink you financially.
RE markets move pretty slowly, so you dont have to worry about missing the upswing when it finally happens.
I dont know any other way to put it that’s more straight forward. Most of the assumptions I see written in this site are based on fairly light recessionary events of the last 40 years. This one looks a lot different. Be careful out there. Avoid illiquid assets until some better news arrives. I’ve never seen this kind of carnage and it looks to continue through the end of the year, if not longer.
I’m not being an “Alarmist”. I dont know what’s gonna happen, no one does. But it does not look good in any way, shape or form. So why get into long term debt right now??? Take a breath. Watch the show, it’s a rare one.
