Awesome Stocks

[bigworld]

gfp: Every supposed support level will eventually be breached to the downside. We have a world of pain coming. Some shorting ideas: home builders, the restaurant industry, leisure and hospitality, gaming. With inflation the average family will have very little disposable income above affording basic necessities. Second homes will also flood the market as people can no longer support the costs of two properties, and the AirBnB industry will have fewer vacationers able to afford those vacations and weekend getaways. We are already planning to capitalize on this after we move to North Carolina. We are researching condos in North Myrtle Beach, SC which would be about a 3 & 1/2 hr drive from where we will probably end up in central North Carolina. At some point in a couple of years the market will be flooded with condos that people are trying to unload.

A long time ago my older brother was in the savings and loan industry in the Chicago area. The company he worked for, Talman-Home S&L, became the biggest savings and loan firm in the Midwest. He was intimately aware of interest rates and housing prices. In the late 1980s when S&Ls were in crisis (that eventually had to be bailed out by the Government via the Resolution Trust legislation) my brother bought 3 condos in Venice, Florida at absolute fire sale prices. He had cash, and cash was king back then. He used one condo for vacations, let family members and friends use it, and he rented out the other two to snow birds in the winters, which covered his HOA fees, taxes and insurance. Ten Years later he sold one condo and the profit paid for his daughter's entire 4 year college costs. A few years later he sold another condo and paid for his daughter's wedding and gave her a huge cash gift for his daughter and son-in-law to buy their first house. Then just before the last housing bubble in 2003-2004 he sold the 3rd condo and waited a few years. Took those proceeds and bought a single family home in Venice, FL for cash and he and his wife now live there full time in retirement. He has been advising me and his son-in-law to be ready for another incredible buying opportunity when the current house of cards collapses. He's a very good market timer when it comes to real estate.