Reply to I know why Millenials can't afford houses and pay off their student loans..

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Took a field trip to Union Market this weekend.  Filled with young people looking very spiffy, drinking $5 coffees and buying things like $30 candles and locally sourced food that is 2x the price of Safeway.  There was a stall there selling $200+ Japanese knives.  All this 'everyday luxury' is killing you guys.  [/quote]

Let's bring this lovely thread back to the original post so we can all identify what to invest in and what not to invest in. Everyday luxury companies will be good investments. [b]Mediocre chain grocery stores will likely go bust in the next few years.[/b] Housing is a bad bet.[/quote]

Have you been in a Safeway or Giant lately?  I think they already have.  [/quote]

No joke.  I looked forward to a promised, modern Giant in upper NW DC (Cathedral Commons).  Guess what?  Now that it's built, it may be more modern, but Giant still sells the same poor quality crap, but just offers more of it.  And as a result, the store doesn't seem to be doing so well.  Not to mention that the store seems to have been dropped in by helicopter from outer Leesburg, but DC shoppers don't tend to be ones to fill the SUV up with 20-bag orders.  Giant's (somewhat rotting) lunch, so to speak, may be eaten by Whole Foods and Trader Joe's at the higher end and Walmart and Aldi at the lower end.  [/quote]

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