Quote:
Originally Posted by SAB1
The world is so different from what it once was even back in 2008. Heck look at the stock market. Five months ago when this pandemic started I don’t think anyone would have projected it to at 28,000 where it is now. Nothing makes much sense. The thing fueling real estate thru this whole upswing for the past decade Has a lot to do with interest rates. Money in cheap. Is there a correction coming. Yup soon as that interest rate gets back up 6-7%. But who knows when that comes. By in large homes on the water suffer much less. People always want the water.
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The stock market has been boosted by gambling day traders. With no sporting events to gamble on gamblers have turned to day trading. A gambler has to get his fix somewhere.
On a side note, I just got my new assessment from the town of Meredith in the mail yesterday, up almost 18%!