I was talking to a high-profile Wall Street strategist the other day who told me she and her husband were house-hunting in the Hamptons.
They saw a place they liked, but the asking price was too high.
“It was as if the downturn in the stock market hadn’t happened,” the strategist related. “I told the broker: ‘I’m paying what this house was worth back in February 2020, because that’s what it’s worth now.’”
A provocative take, and one worth considering.
The strategist is…
Source link
