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7/2/2025, 6:18:12 PM
>>509317181
the truth is the consumer is tapped out and it's starting to show. I wonder how many job losses were in hospitality and leisure, anecdotally I'm hearing it is a bloodbath. Bargain bin prices for places for the 4th of July holiday. There is massive capital misallocated into short term rental ownership that is going to have to be cleared. If you've been waiting for real estate prices to come down, it's starting to pick up speed.
the truth is the consumer is tapped out and it's starting to show. I wonder how many job losses were in hospitality and leisure, anecdotally I'm hearing it is a bloodbath. Bargain bin prices for places for the 4th of July holiday. There is massive capital misallocated into short term rental ownership that is going to have to be cleared. If you've been waiting for real estate prices to come down, it's starting to pick up speed.
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