4 ms·

But didn't they sell the houses to investors and/or established landlords? I'm not sure how this helps the youth or those otherwise disillusioned with the curr

But didn't they sell the houses to investors and/or established landlords? I'm not sure how this helps the youth or those otherwise disillusioned with the current housing market as that housing is still unavailable to them.

r3trohack3r 5y ago
I think the ops point is that it will end, not that it has ended.
- valeness 5y ago
  Yes, but this is not evidence of "it will end" to me.
  - r3trohack3r 5y ago
    I think the evidence presented was "history" > The people saying this have obviously never gone through a "bust" cycle. This is unsurprising as we've now been in the longest bull market in modern history. It's not always like this. It won't always be like this. I once heard someone who ran an investment floor say, paraphrased: During a bull market, I want my floor staffed with people too young to have lived the last bull market. They didn't want the risk aversion - drilled into people by the last bust cycle - on their trading floor. The cycle will repeat itself, folks will go from being unbelievably wealthy to bankrupt overnight (overnight as a figure of speech speaking, the crash will come but might drag out). Folks who bet it all will have their lives ruined. We will have another generation of market participants who are risk averse from hard earned lessons. The flip side of this is that _everything will go on sale_ for those who had stable investments and those who are income rich. If everything doesn't go on sale soon (soon might mean many years) it'll be the first time in history we broke out of the boom/bust cycle. For me, personally, I track my net worth and check in monthly. For the past year I've excluded my home's valuation from my net worth, it's monopoly money; by the time I'm willing to liquidate my house we will be on the other side of a bust cycle. I'm mentally prepared for my home to lose 50% of its value "overnight."

r3trohack3r 5y ago

I think the ops point is that it will end, not that it has ended.

valeness 5y ago
Yes, but this is not evidence of "it will end" to me.
- r3trohack3r 5y ago
  I think the evidence presented was "history" > The people saying this have obviously never gone through a "bust" cycle. This is unsurprising as we've now been in the longest bull market in modern history. It's not always like this. It won't always be like this. I once heard someone who ran an investment floor say, paraphrased: During a bull market, I want my floor staffed with people too young to have lived the last bull market. They didn't want the risk aversion - drilled into people by the last bust cycle - on their trading floor. The cycle will repeat itself, folks will go from being unbelievably wealthy to bankrupt overnight (overnight as a figure of speech speaking, the crash will come but might drag out). Folks who bet it all will have their lives ruined. We will have another generation of market participants who are risk averse from hard earned lessons. The flip side of this is that _everything will go on sale_ for those who had stable investments and those who are income rich. If everything doesn't go on sale soon (soon might mean many years) it'll be the first time in history we broke out of the boom/bust cycle. For me, personally, I track my net worth and check in monthly. For the past year I've excluded my home's valuation from my net worth, it's monopoly money; by the time I'm willing to liquidate my house we will be on the other side of a bust cycle. I'm mentally prepared for my home to lose 50% of its value "overnight."