Sometimes the worst thing you can say to a person who’s feeling bad is: “Cheer up!”

Chip Hooley learned this the hard way. At the beginning of the pandemic, his daughter, Hilary, called him in a panic. She and her husband had recently purchased an apartment in Brooklyn. Now, she was worried that real-estate prices in New York were falling and her friends were leaving the city.

This post first appeared on wsj.com

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