He won't quit his job no matter what the outcome is. Predicting a stock market correction is dangerous business given that the Fed will do everything to support the market. The markets are beyond surreal. Especially the RE market. Seattle RE is absolutely absurd as multiple offers force prices as much as 50% over an already high asking price (one home sold for $1.2M with an asking price of $800K). The median price is about $750K in Seattle and prices are up 10%-20$ YOY. IMO, we desperately need a recession/depression. And to make matters worse, the WA state legislature just passed a 7% tax on capital gains (for stocks and bonds, not RE) by claiming it is an excise tax, not an income tax. Tax would take effect in 1/22.
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