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> He likened it to what’s happening in the real estate market. In other words, make your moves now, and with an eye toward the crash that's coming.
by throwanem 5y ago
> He likened it to what’s happening in the real estate market.
In other words, make your moves now, and with an eye toward the crash that's coming.
- deleted 5y ago[deleted]
- autotune 5y agoCan’t it be argued that the crash came and went with the pandemic already?
- throwanem 5y agoMaybe. Would you like to give it a try?
- Macha 5y agoAlternatively, being the most expensive and newest might be a poor position to be in when the crash comes?
- throwanem 5y agoYou always want to pick your risks with care, sure. I didn't say that earlier in so many words because I assume it doesn't need saying, but if it does, now it has been. If where you are is stable, you can expect it to stay that way through a crash, and you're at least confident of being able to come out of it when things settle down again not looking like you've been standing still, maybe don't make a move at all. But if you're already thinking of doing that, it's not wise to assume you have unbounded time in which to act, or that said bounds are as broad as they ordinarily would be.
- deleted 5y ago[deleted]
- kaczordon 5y agoWe're technically in a new bull market now.
- throwanem 5y agoI'm an engineer, not an economist. So the best I guess I can say to that is, I hope it's true, and that it means what it sounds like it does.
- robryan 5y agoThere won’t be a crash. Possibly a period of stagnant wages because the market got ahead of itself, but I don’t think any of the underlying demand is going away.
- golergka 5y agoI've been reading comments on HN about the coming crash for 10 years now. I have even believed them at first.
- throwanem 5y agoWell, this is the first time I've predicted one, so I suppose we'll get to find out how I do at it - not well, I hope.
- golergka 5y agoIt's not about you as a person, it's about the premises for such a prognosis. Nothing that's happening now is significantly different from what's already been happening for the last 10 years.