@TexasOncologist Both sides are just lying bastards. This is no longer about Red vs Blue. This is about Washington cheating, greedy, power hungry bully bastards vs 50 States main street people.
These NYC apartments are standing empty, not because the owners don't want to rent them, but because rent stabilization laws prohibit them from charging enough to earn back the costs of necessary repairs.
My latest for @WSJFreeEx
@OddStats A good 15-20% pull back is very likely since $SPY has been most stretched except for late 90s in dotcom bubble from 200 EMA in monthly and quarterly timeframe
@TexasOncologist I think we can get the defense tech boom after Data Center.
As usual, people will lose money if they are in specific area, like multifamily syndication. But overall SPX won't crash.
@TexasOncologist The question is whether any other area of investment will pick up after this?
Since Covid, it started in housing (both multi/SFR/BTR, AirBnB), then Pharma/Bio then now Data Center. There is a good chance some other area will pick up the boom. If not, it will be devastating.