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Older Millenial here. Bought my house while prices were still low in late 2013. Cashed out in March of this year. Thought it was crazy it was bubbling like thi
by systematical 8y ago
Older Millenial here. Bought my house while prices were still low in late 2013. Cashed out in March of this year.
Thought it was crazy it was bubbling like this again. Time will tell if that was dumb or smart but I did pay off all my debt including student loans...
I personally think a crash is coming soonish. But that's just my gut.
- pfarnsworth 8y agoAlmost everyone thinks a crash is coming. There has never been a crash where almost everyone has seen it coming. Therefore there will not be a crash at least in the near future. Prices might pullback but it won't be a crash.
- api 8y agoBitcoin? Everyone saw that coming.
- pdelbarba 8y agoA perfect example, though it seems some here are somewhat butthurt :)
- polyomino 8y agoIn order for a market (that's reasonably distributed) to move in a direction, there needs to be some level of consensus. If everyone thinks there will be a crash, then there will be a crash, because everyone will sell.
- mattdeboard 8y agoIsn’t there some logical fallacy about believing that since something has never happened, it will never happen?
- thousandautumns 8y agoIt's called the Black Swan fallacy. Ironically, it's what happened with the recession and housing crisis in 2008, except back then it was "the housing market isn't a bubble, people will never default on their mortgages en masse".
- Latteland 8y agoBut everyone thinks there's a recession and crash coming now, don't they?