4 ms·
Ah, the classic signal of a market top: "This time is different; prices can't ever go down."
by sbierwagen 5y ago
Ah, the classic signal of a market top: "This time is different; prices can't ever go down."
- paulpauper 5y agothen short some REITS if you believe this
- topkai22 5y agoWell my specific belief is that housing won’t keep up with inflation rather than fall significantly in absolute terms. Not sure how I short that belief.
- harambae 5y agoYeah I keep thinking back to when oil hit $160/barrel around 2009 and all I heard was how we "won't see sub-$100/barrel oil again in our lifetimes" and it's here to stay and nothing we can do about it. And then oil crashed to $60/barrel. And today it's at $80. Maybe you think building houses in the majority of America is more sophisticated than petroleum surveying, extraction, capping, refining... I respectfully disagree. The cure for high prices is high prices.