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1960brookwood 05-02-2020 12:44 PM


Originally Posted by Mentalpause (Post 4736776)
Confused me again. Bought in 80s. And can't sell now. What's the hurry after 35 or so years. And having a hard time believing 35 years later they did bad on that investment.

They took a direct hit from Hurricane Harvey in August of 2017 and have had no income from the units since then. Insurance paid only part of the cost to repair. Their association had just started to book rentals and now the covid restrictions have blocked out any stay less than 30 days--weekly rentals were the balance of their business.
I'm sure overall it has worked out--but at 85 it's a bad time to try and step away in the face of a looming recession and zero demand.
Real estate is cyclic in nature and lacks liquidity -YMMV.

36Tango 11-09-2020 08:33 PM

So, what to buy? What sector to sell?

TYPHOON 11-10-2020 11:24 AM


Originally Posted by 36Tango (Post 4765046)
So, what to buy? What sector to sell?

I was thinking the same thing. Im sure there are some very interesting opportunities but come with some high risk at this point. No risk no reward. I'm fairly conservative with the bulk but have no problem taking a longer shot with a small percentage now and then.

VortechSS 11-10-2020 12:19 PM

With the Rona vaccine around the corner in 2021, I'm thinking it may be getting close to the right time to bring some airlines back into the portfolio.

TrippM 11-10-2020 03:25 PM

Cruise lines are still cheap. Might take a year or so for them to get back to previous highs.

Interceptor 11-10-2020 03:40 PM

Avoid the company making Trump flags, hats etc..

hoodoo 11-10-2020 06:52 PM


Originally Posted by Interceptor (Post 4765165)
Avoid the company making Trump flags, hats etc..

You forgot Agriculture,logging,ranching,mining or anybody else who will be deemed “under regulated”.

Nothing personel 353 11-10-2020 07:19 PM

Real Estate on fire so take a gamble on that?? Previous post error I get 3.5% insured:flag:
https://cimg1.ibsrv.net/gimg/www.off...c41675f7f9.jpg

Quinlan 11-11-2020 06:28 AM


Originally Posted by Interceptor (Post 4765165)
Avoid the company making Trump flags, hats etc..

Now that right there is Funny :cool-smiley-027:

ALL_IN! 11-16-2020 09:08 AM

I'm fairly interested in Bitcoin at the moment - been buying small amount lately to learn the 'system'. It's initially, complicated, from a pure stock/mutual fund buyer perspective, but not impossible. If you haven't dove into it yet - you should at least take a look and see if it's worth your gamble. A few financial institutions are interested, as well.


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