The article discusses the author's decision to sell stocks in order to raise cash for a new home purchase, emphasizing the importance of financial freedom and a paid-off mortgage. The author explains their rationale for selling certain stocks, including low-quality holdings, redundant holdings, and stocks with unrealized losses. The author also mentions their preference for high-conviction stocks and perpetual compounders.
The Mid-America Apartment Communities Inc. (MAA) stock has gone down by -1.36% recently due to concerns about rising interest rates, underperformance in 2023, the belief that apartment rents have peaked, and the completion of 460,000 new apartment units by the end of 2023, which may lead to an oversupply. However, there are positive factors such as strong operating results, a recent insider stock purchase, high mortgage rates leading to continued demand for rental properties, and the belief that the American dream of homeownership may not be as prevalent as before.