May

2

A Heating Economy

May 2, 2021 |

Here is another anecdote about the heating economy.  I put my old sailboat up for sale the other day.  I got 2 offers within hours of putting it up for sale. I am trying to buy another boat.  I saw a nice one that was put up for sale, and it sold in under 2 hours.  Just saw another one… same, sold in under 5 hours.  I hear the same thing from my real estate friends, and now in the news about homes going into overbids, no contingencies, panic type buying.  

In past cycles, I remember real estate going up 10% a month for months at a time. 
I guess the unemployment figures the other day were good and Labogola'd the market up in the afternoon, but the juice didn't last through to today.
 

Also,  I was looking at new jet skis, but there are none in stock…all used inventory sold out.  Looking at outboard motors.

Same thing, no inventory anywhere, long waits from factory.   
 

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