4 ms·
Past returns don't guarantee future returns. The day before the peak of the bubble always looks like an attractive time to buy. I don't think SV housing is a pu
by opportune 8y ago
Past returns don't guarantee future returns. The day before the peak of the bubble always looks like an attractive time to buy. I don't think SV housing is a pure "bubble" per se since it's single family housing in a region with strict supply caps, very high wages, and close proximity to millionaires, but its continuing rise is contingent on those conditions continuing.
- TomVDB 8y ago> Past returns don't guarantee future returns. Yes. But that's essentially a platitude that doesn't help making a rational decision. You can apply the same slogan to the stock market. Here's how I look at it: for the real estate market, how many periods were there were you'd end up having to sell lower than what you paid for it when you bought?