Fifth.<\/strong> Buy cheap real estate.<\/p>\nYou would think that retail stores, malls, apartments in New York and other semi-dead cities, would be going cheap. Exhibit One is yesterday’s cover:<\/p>\n
![\"\"](\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2020\/09\/NYPostCoverLandof-the-Flee-538x600.jpg\")
<\/p>\n
UWS is the Upper West Side, where I have an apartment and used to live — until Covid-19 and 174 days of tennis upstate.<\/p>\n
Four moving trucks don’t make for cheap apartments. This is the time of year when college begins, leases expire and people move. My brokers tell me New York apartments are probably down 10% to 20%. But few are on sale, since no one knows if the city is coming back soon. The only thing they know is that the City has been through a zillion crises — from the 1970s to 9\/11 — and it always bounced back.<\/p>\n
Right now there’s no reason for Susan and I to spend time there. No theater. No ballet. And outside eating on the street, where the homeless rush up and snatch your pricey food. (True story.)<\/p>\n
There is collateral damage. When restaurants are booming, there’s plenty of food for New York’s rats. Now the rats are starving, they’ve taken over Central Park and the UWS, along with the homeless people and released criminals that our idiot mayor stuffed into a vacant UWS hotel — that normally was full of students.<\/p>\n
+ Sixth. <\/strong>You can buy more tech stocks, which is what I’ve been doing. I’m working on suggestions. Watch for the next blog or two.<\/p>\n+ Seventh,<\/strong> You can buy cheap multi-family residential housing.<\/p>\nWhen Covid hit, everyone and their uncle thought tenants wouldn’t pay their rent and the value of the apartment and multi-family housing properties would plummet. Wrong. The tenants paid their rents and the price of properties rose, as buyers wanted some place to put their money that was better than Harry’s Mattress Bank.<\/em><\/p>\nCome to Columbia County<\/strong><\/span><\/p>\nI bet any place outside a big dead city is booming. But I know this County. We’ve had a house here for 36 years.<\/p>\n
Right now, you can’t find a a roofing guy, an electrician, a plumber, a contractor, a carpenter for love nor money.<\/p>\n
If you want to live here, you may find it hard to buy a house. They’re all gone. In fact, some New Yorkers have bought houses — sight unseen — straight off the Internet and have paid way more than the asking price. The pretty pictures on the Internet didn’t show the flooding basement or the leaky roof… They can, of course, be fixed — if you can find a roofing guy, an electrician, a plumber, a contractor, a carpenter.<\/p>\n
Thoughts for pandemic investing<\/strong><\/span><\/p>\n+ My luck is so bad that if I bought a cemetery, people would stop dying. — Rodney Dangerfield<\/p>\n
+\u00a0I have never hated a man enough to give his diamonds back. — Zsa Zsa Gabor<\/p>\n
+\u00a0Money can’t buy you happiness …. But it does bring you a more pleasant form of misery. —\u00a0Spike Milligan<\/p>\n
+\u00a0I don’t feel old. I don’t feel anything until noon. Then it’s time for my nap. — Bob Hope<\/p>\n
It’s getting cooler<\/strong><\/span><\/p>\nNow we can play in the afternoon. That can be a reward for accomplishing something important in the morning — like taking the garbage out.<\/p>\n
See you tomorrow — Harry Newton<\/em><\/p>\n <\/p>\n
<\/p>\n
<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
Today’s CNBC headline: Zoom shares soar after revenue more than quadruples from last year\u00a0 That’s it. You can now play tennis. All our other tech stocks — the ones I’ve been pushing for eons — are booming also. The list of tech stocks I like is on the right hand column of my web site. […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-51590","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/posts\/51590","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=51590"}],"version-history":[{"count":14,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/posts\/51590\/revisions"}],"predecessor-version":[{"id":51606,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/posts\/51590\/revisions\/51606"}],"wp:attachment":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51590"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51590"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51590"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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