2 of the top 5 worst days have occurred in the last 4 days. Some interesting numbers to look at here also, like the horrific day in 1899 when the market lost 5.57 points! Look at % change. https://en.wikipedia.org/wiki/List_of_largest_daily_changes_in_the_Dow_Jones_Industrial_Average
I probably lost much much more than that and I'm mostly out of the stock market. I'm enough in it to lose tens of thousands yesterday alone.
So I've been looking to buy a place in Vegas. Chances are their economy is going to get creamed now and their housing market should fall off a cliff. When do you think the time to buy would be?
Sure as shit cruise ships should not be bailed out. That would be like bailing out the tobacco industry. Airlines, you can at least make a case that we need them for the rest of the economy to work. barfo
I wouldn't bail any airlines out. Let them fail and whoever's left is left. The airlines have been fucking us for years with excess fees and what not. Same with the hotel industry.
I'd imagine most housing markets will down for awhile...needless to say, the big question is how long it will last.
I guess it really depends on how long this moratorium on foreclosures, etc. However, I think last time people stopped paying their mortgages for like 12-18 months until they were forcibly kicked out.
My niece and nephew just got back from a week in Vegas...they said there were a bunch of folks walking around with masks and those paper shoe covers people wear in quarantined labs. They also said the Raiders new stadium is gorgeous...they said it looks like a huge chunk of Onyx.
Sometime in the future. I don't see any evidence that housing prices have dropped substantially yet. barfo
Defiant bar owners ignore governors' orders to close and insist they'll stay open 'to make a living' as they risk arrest, having their food and liquor licenses revoked and daily $500 fines Ed Gallek was caught serving patrons with his Shamrock Inn, Ohio open for more business Tuesday, St Patrick's Day, and said that he's 'trying to make a living' Lake County Health Department, they said they would first send police to the venue to warn Galleck Queen City Lounge, Ohio was found to have a sign in the window saying 'members only' and was offering drinkings and a sit-down buffet for 40 people It is now padlocked and barricaded shut. Their liquor and food license could be removed and the person responsible was detained Places in Oregon and Illinois vowed to stay open until police shut them down Punishment varies from state to state and in New York staff could be arrested https://www.dailymail.co.uk/news/ar...lose-insist-theyll-stay-open-make-living.html
Depends on the death rate and age bracket you're shopping for. You should be able to get a nice deal on senior living in a couple of months.
Nah, the economy will take a huge hit there in all likelihood. Talking $200k, 2500 sq ft houses built within the last 5 years.
So you're saying there's a silver lining in all this. I'm gonna stock up on houses once they start hitting Detroit level prices.
I really wouldn't call taking advantage people's suffering, despair and need to firesale their houses a silver lining. But, my plan was to eventually get a house in Vegas, and in the next 12-18 months, I'm guessing a 30% price reduction if the economy goes bad.
