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Forward or Backward?

Veteran international investor John Corey comments

The vote count is final. We have a decision. On the topic of, 'can you predict the future', the answer is a resounding NO.

Most of you knew that predicting the future was a mug's game—best played by delusional individuals. A few seem to find they can build a loyal fan following by stating outrageous things. Some radio talk shows, national newspapers and YouTube channels thrive on promoting the outrageous and the untrue. There is even one elected official who makes claims which are impossible to deliver (oven-ready deals, inject bleach to cure patients with COVID; and any facts which differ are classed as fake news).

Move to the Country?
When you want to change something about yourself, you need to break an old habit, a sub-conscious understanding of how things happen. Next, you need to develop a replacement process. It takes 21 to 30 days for a new habit to form. COVID-19 has forced many people to break with the past and invent new patterns or routines. New habits are forming with many people. Some of these habits will stick long-term.

The changes created by the pandemic have not applied evenly across society. I will pick one slice of the UK economy so we can look at possible changes impacting housing.

For the white-collar or office worker group, the definition of work has shifted. The production of work revolved around being in an office. Now it feels more like university life. Rather than warming a seat, the focus is on producing results.

  • Distance and co-location do not matter.
  • Household chores are part of the workday.
  • Commuting has mostly been eliminated.

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