but i am doing something, i am holding on for dear life...
that's something, right? :-p
An off topic question, because there are pieces moving that i can't quite track.
Got some friends looking into Elderly Care Housing.
And, 10 years ago, this was a good industry, killer, if you could stomach it.
But today, the coronavirus has changed everything.
The stock market crash has changed everything
So, we were going to see all these boomers move into retirement homes
And, the best way to cash in on that would be to buy those homes.
Now i see several things happening.
The boomers are going to die off with the virus, and the after-virus
The boomers aren't going to have any retirement savings thanks to everything crashing
The boomers aren't going to have any social security because the bonds are going to implode
The boomers aren't going to have any medical because the virus is going to kill the system. Medicare for everyone Bernie? No, Medicare for no one.
Further, we are going to see house loan defaults like we have never seen before.
All this adds up to?
Although Elderly Care Housing may still be viable for some, i expect there to be ¼ of customers... and i don't know where the rest of the boomers are going to go.
Poor boomers are of no use to the machine,once all the wealth has been extracted from them and best got rid of.
One way or another.
Their taking quite a few proactive steps here. Nursing homes are closing to visitors, schools, colleges shut down, all large events cancelled. If people pay attention and socially distance themselves I don't think it will be as bad here as what we saw in China.