We might be nostalgic for the 70's once again. There was a failed 70's revival in the 90's, complete with Neil Diamond tours. The stagflation is arguably worse now than the 90's. Housing inflation in the 70's may or may not have been worse than now. It doubled from 1977-1982. It only increased 25% from 2020-2025, but that was the nationwide average. 1977 didn't reflect a rise in flyover state costs from a population shift from job centers to flyover states but might have reflected similar increases in all areas. Housing inflation continues to be concentrated in just a few states, lowering the average.
Lions believe modern inflation is equal to the 1970's but technology deflation has offset the housing inflation. Inflation is a lot more tolerated because animals are a lot more invested in assets & reaping very high returns. Losing your small cash position isn't the disaster it was.
It could always swing the opposite way. The lion portfolio has gone sideways since 2024 since it's not concentrated in the magnificent 7. Having a bucket earning interest takes some of the heat off. It's really hard to watch a stonk portfolio go sideways for an extended time & not press the sell button, which the gootubers would most certainly do.
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Newpark mall is going away. The seeds of doom started 20 years ago when Mervyns closed, but it was still hopping when lions documented it in 2007.
Cinedome 7 was packed in those days. When the movies ended, the crowds went to the mall.
Lions went there at lunch & it was still packed by today's standards.
Not sure if the office complexes are still empty, the jobs have moved, or the land has become too expensive for retail. That area is now manely Tesla offices.







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