4 ms·
this feels meaningless, you can find impressively credentialed people saying it is and isn't if this dude was confidently correct he should go make billions on
by 93po 3y ago
this feels meaningless, you can find impressively credentialed people saying it is and isn't
if this dude was confidently correct he should go make billions on the market
- huytersd 3y agoNot until the crash. How do you make money in crashing real estate prices anyway? Only accessible thing that comes to mind is shorting REITs.
- 93po 3y agotons of companies to short that are heavily reliant on inflated housing prices
- pxeboot 3y ago> How do you make money in crashing real estate prices anyway? Buy low and sell during the next bubble? This time, it feels like so many people are waiting for the crash to happen, it may not be as bad as last time.
- huytersd 3y agoI don’t mean over a decade. I mean making money off the crash event itself.
- nuclearnice3 3y agoShelia Blair is a woman, not a dude. Her name is the first two words of the first sentence of the article. Is part of the reason it feels meaningless because you only read 10 words of content and it was difficult for CNN to pack a satisfying explanation of the economy into that limited bandwidth?
- randomdata 3y ago> Shelia Blair is a woman, not a dude. Why can't a woman can be a dude? I thought we moved past the age of gender exclusivity?
- kelseyfrog 3y agoEver kiss a dude before?
- 93po 3y agoThis feels needlessly combative and adds nothing to the conversation
- nuclearnice3 3y agoGotcha 93po. I intended only to playfully point out that YOUR comment hadn't engaged deeply with the substance. I overshot the mark and I apologize. Thank you for pointing out my mistake.
- 93po 3y agoThanks for the mindful reception. I can see your point too.
- n9 3y agoi hear you and I don't disagree. That said: I feel pretty OK about selling my house that has appreciated >100% in 8 years (east LA) and renting a nicer house for a little less money. Could be that I'm wrong, but at the very least I profited more than $450k for simply buying a house, living in it, and selling it. If nothing else I effectively lived rent-free for the past 8 years and am left with enough cash to pay rent on a similar place for the next 11 years all for the opportunity cost of a down payment.
- ceejayoz 3y ago> if this dude was confidently correct he should go make billions on the market Remember: Michael Burry of The Big Short fame nearly went bankrupt waiting for the market to collapse. You can be right and not get the timing right; the very relevant Keynes quote is "Markets can stay irrational longer than you can stay solvent." https://en.wikipedia.org/wiki/Michael_Burry https://en.wikipedia.org/wiki/Michael_Burry > During his payments toward the credit default swaps, Burry suffered an investor revolt, where some investors in his fund worried his predictions were inaccurate and demanded to withdraw their capital. Eventually, Burry's analysis proved correct: He made a personal profit of $100 million and a profit for his remaining investors of more than $700 million. Scion Capital ultimately recorded returns of 489.34% (net of fees and expenses) between its November 1, 2000, inception and June 2008. The S&P 500, widely regarded as the benchmark for the US market, returned just under 3%, including dividends over the same period.
- bluGill 3y agoNote too that when his investors got nervous it would be too late to get in. There were long months when you couldn't buy anything, you had to already be in and then ride things out.