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> buying high quality real estate Really crappy advice at the height of a bubble and considering the likelihood of a major recession.
by Mo3 4y ago
> buying high quality real estate
Really crappy advice at the height of a bubble and considering the likelihood of a major recession.
- jbay808 4y agoIt's also not the first asset class that comes to mind when I think of "not highly leveraged"...
- slyall 4y agoExactly. Not many asset classes that have not gone up a huge amount in the last 10 years. They all have room to fall. Also, buy real-estate requires significant amounts of money, much more than the average person has lying around (or can borrow).
- fullshark 4y agoThe real estate will be worth something in 10 years, the shitcoins will not. I assume op was talking about crypto whales with massive paper gains.
- Mo3 4y agoThat's true, but it might be worth a lot less than it is now. I know that's every second day in crypto, but why expose the crypto boys to even more bad financial advice.
- simulate-me 4y agoHow many recessions happen when a bunch of people think a recession will happen tomorrow? The Fed is trying to reduce inflation. It seems like they’ve done a pretty good job of doing so just by signaling an aggressive rate increase schedule. Once inflation is lower, they can go back to pretending stocks and real estate aren’t real inflation and start juicing the markets again.
- Mo3 4y agoHow many times has there been one of the longest bull runs in history, bubbles all around and Russia going berserk all at the same time? I’m not certain many people think there is one coming. For whatever it’s worth many hedgies at NYSE are still blissfully ignorant too. (I know, I work at a major public hedgefund)