I'd say everything else is the consequence of the 2 points above - the weather and the state of economic affairs influences everything else, including safety, infrastructure, the condition of housing stock, etc.

We have retirement accounts, a small private stock market account, and an emergency fund. 

- The Setup for Spring Season- My Skeptical TakeThe Weekly 3: News, Data and Education to Keep You Informed- Warnings flashing of ‘froth’ in crypto and stocks as S&P 500 valuation surpasses 2000 levels (BofA/Yahoo).- China is issuing record debt to stave off recession, while the US bull market continues (Wallerstein).- Texas vs California Home Construction.

A lot of the US market - housing, stock, treasuries, etc - is basically a legal money-laundering location for honest or ill-gotten gains in the rest of the world, because the markets are open to foreigners and as close to a guaranteed safe haven as can be found.

@Jack SeidenGreat question: I am 60/40 stocks and real estate right now, excluding my primary (my investment in BiggerPockets as a private business). 

They are blaming everything on COVID but seems that hasn’t affected our dividend payments from our stocks!

So now instead of feeding the hungry stock market you can feed the hungry rental.I have watched people keep big debt on their home and then have the stock market crash.

Investing does need to be approached more like a business than just a simple stock trade.

After buying the property, I also still have $12k in stocks that I plan to use as a last resort.

And the truth is, if the investment property was completely passive and you had zero connection with it, such as an arbitrary stock in a mutual fund, then I would agree not to get emotionally attached to any one investment.