Thoughts on the NEW Norm when or if we resume travel?

[bigfrank Administrator Find all posts View Profile Close bigfrank]

my BIL booked a house rental for this weekend coming in thhe outer banks, Price was half of what it should be so there are bargains out there right now. They do not plan to go out for dinner since the full kitchen will have them cooking all week

[easyrider Senior Member Find all posts View Profile Close easyrider]

The Feds actions have their own risks. There is simultaneously a risk of hyperinflation and hyper deflation, so it is hard to know how to prepare. I'm glad I laid in some silver when there was a lull in the market, but I wish I had some more gold right now. I am out of stocks completely. It is cash and precious metals, although I would also like to add another rental house or two if I can figure out what the real estate market is going to do. I think there will be a rise in foreclosures and loans will get harder to qualify for, and that might make it a buyers market.

We kind of left the stock scene back in 2008 -09 and went real estate. I did get some gold and silver Eagles over the years but geez, I know what you mean regarding gold and silver prices. The premiums over spot are ridiculous. American Eagles in gold or silver are way over spot.

I think that small multifamily units will weather the downturn pretty good. Medium income type rental homes should do well too. High end stuff and condos will likely take a beating. This forbearance dealio will kind of stall out many deals is my guess. Even so, I wouldn't say no to another rental.

[Carolinian Super Moderator Find all posts View Profile Close Carolinian]

Now, it appears a Las Vegas casino owner is giving away free one-way flights to Vegas to get the crowds back.

https://www.breitbart.com/local/2020...hts-las-vegas/

[tonyg Goomba & Super Moderator Find all posts View Profile Close tonyg]

One way return flights would be better.

[bezerk Moderator Find all posts View Profile Close bezerk]

That is very true. I have scheduled a vacay in Puerto Vallarta June 20th, driveable for me, but not sure if I am going, for various reasons plus many areas the roads ar not open yet to get there due to COVID Restrictions.

Fingers crossed on a July vacay and that DH can fly here. sigh

Well, the June vacay is cancelled. Puerto Vallarta ( Jalisco state) and also Nuevo Vallarta ( state or Nayarit just expended their Stay at Home orders. They will open the tourism sector last! Some restaurants have opened, Beaches remain closed. That July vacation is looking dimmer, the numbers of cases are climbing in Mexico and expected to rise higher with the opening of things. Apparently, the next 2-4 weeks are critical, noncompliance with precautionary measures like masks, no gatherings have not been adhered to so as stated it would extend out lockdown in Mexico and it has.

[easyrider Senior Member Find all posts View Profile Close easyrider]

Well, the June vacay is cancelled. Puerto Vallarta ( Jalisco state) and also Nuevo Vallarta ( state or Nayarit just expended their Stay at Home orders. They will open the tourism sector last! Some restaurants have opened, Beaches remain closed. That July vacation is looking dimmer, the numbers of cases are climbing in Mexico and expected to rise higher with the opening of things. Apparently, the next 2-4 weeks are critical, noncompliance with precautionary measures like masks, no gatherings have not been adhered to so as stated it would extend out lockdown in Mexico and it has.

We originally wanted to go to Nuevo Vallarta next winter but decided on Cabo because of the supposed second wave of covid 19. If the second wave hits Mexico I think the more populated states will have more problems than less populated areas.