Target… Trader Joe’s… Costco… anyone see a pattern to these stores? “Discount Retailers”? Good job!
The upper middle class notoriously shifts its spending behaviors from mall-type stores to discount stores as the economy slows. When more $100K+ gross income familes start shopping at Target or CostCo, it says something about the economy.
I don’t think real estate prices are going to collapse, but it’s obvious to anyone who looks at a chart of inflation adjusted prices from the last 50+ years that real estate prices cycle. I just hope the bottom happens right around when my girlfriend and I have saved enough to buy! 😉
