Greatest gift you can give your family during the holidays is presence. You've got work on your mind. Frustrations you're dealing with. Be selfless enough to set them aside. Catch yourself if you slip up and apologize. Your priority is to make everyone know you're actually there.
If, as seems reasonably likely, we are heading into a period of sustained higher interest rates & cap rates and, potentially, a recession & lower rents:
Will be a wonderful time for young people to take the plunge into buying assets on their own.
Housing market update:
1. 5.4 million households not current on mortgage
2. 21% of homes for sale had a price drop in July
3. Median rent up 14% this year
4. Median home price down 6% in 2 months
5. Record 8% of listings lowering price each week
The decline is accelerating.
"Don't talk to strangers" is a classic we are told as children—the residue of which carries into adulthood.
But it can be harmful.
New relationships spark new ideas—these compound just as well as any financial investment.
Talking to strangers increases your luck surface area.
Smart guys love analyzing the “what if’s.” False sense of being on top of things. In reality, it just shows a lack of real world experience. You can’t “prepare” for what you haven’t lived yet. All you can do is charge in and trust you’ll be able to handle whatever comes your way.
Personal experience has taught me that having a backup plan is rarely justified. Sounds smart in theory, but in practicality, it always leaves one foot out the door. Commit and let the chips fall where they may. Have to deal with consequences when they happen, not if they happen.
Everyone so concerned about the “supply shortage” going into the holidays
How about this year instead of relying on cheap Chinese trinkets to determine the success of Christmas, you simply have a good time with your family