Dear Fellow Expat:
We’ve made it through the week. The stock market doesn’t want to pick a direction…
We finished the week with negative readings for our Signals across the board. This is a bad time for home builders, who have taken a few hits in the last week.
Funny, I now wrestle with the idea of buying a house in this terrible market.
I’ll talk myself out of it, but just let me cook here for a while.
It’s like fantasizing about winning the lottery - you already know what you’ll buy - but you don’t think of many people coming out of the woodwork.
Same with buying a house.
It feels like a great idea… but then you see the plumbing and realize the mortgage will keep you locked in there… for who knows how long.
Plus, I could instead buy a higher-grade Mickey Mantle Rookie Card and stare at it instead of making a down payment that I won’t see for years.
It’s a renter’s market. It’s going to be for a while.
We start with a quick hit before our weekly Republic recap…
Buy the Pipeline Companies
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