3 ms·

Nobody ever seems to acknowledge the possibility of another across the board 30% drop in prices all over the country. This is my main reason for not buying. I t

Nobody ever seems to acknowledge the possibility of another across the board 30% drop in prices all over the country. This is my main reason for not buying. I think another severe, deflationary recession is almost an inevitability. Apparently I'm almost alone in remembering that housing can go down a lot.

mjevans 11y ago
The problem is entirely with how the 2008 bailouts were structured. There wasn't actually any market /correction/.
eclipxe 11y ago
Only matters if you need to sell. Look at the market now, it fully recovered and then some in most areas. The only people that lost out were those that were forced to sell in a down market. Protip: Don't do that.
- a8da6b0c91d 11y ago
  You're assuming the current price recovery is not a prolonged dead cat bounce. The next price event will be down, and then flat or declining for ages. There's no round two for the QE type events of the last ten years. Going forward Japan is the model. Assuming you don't get destroyed in a violent bout of deflation, you can anticipate near zero real price appreciation.
  - eclipxe 11y ago
    One day you and everyone else from ZeroHedge will be SPOT on. But as they say, markets can remain irrational far longer than you can remain solvent, or alive... My bet is on technology continuing to drive our economy to new levels of productivity and prosperity, along with it bringing real wealth creation, wage growth and price appreciation for real assets. Will there be corrections? Probably. Are we going to be Japan? Probably not, but if we are so be it.
    - a8da6b0c91d 11y ago
      > My bet is on technology continuing to drive our economy to new levels of productivity and prosperity, along with it bringing real wealth creation, wage growth and price appreciation for real assets. Just like massive advancements in technology drove up asset prices in 30s America, or 90s Japan, or 1880s America for that matter ...

mjevans 11y ago

The problem is entirely with how the 2008 bailouts were structured. There wasn't actually any market /correction/.

eclipxe 11y ago

Only matters if you need to sell. Look at the market now, it fully recovered and then some in most areas. The only people that lost out were those that were forced to sell in a down market. Protip: Don't do that.

a8da6b0c91d 11y ago
You're assuming the current price recovery is not a prolonged dead cat bounce. The next price event will be down, and then flat or declining for ages. There's no round two for the QE type events of the last ten years. Going forward Japan is the model. Assuming you don't get destroyed in a violent bout of deflation, you can anticipate near zero real price appreciation.
- eclipxe 11y ago
  One day you and everyone else from ZeroHedge will be SPOT on. But as they say, markets can remain irrational far longer than you can remain solvent, or alive... My bet is on technology continuing to drive our economy to new levels of productivity and prosperity, along with it bringing real wealth creation, wage growth and price appreciation for real assets. Will there be corrections? Probably. Are we going to be Japan? Probably not, but if we are so be it.
  - a8da6b0c91d 11y ago
    > My bet is on technology continuing to drive our economy to new levels of productivity and prosperity, along with it bringing real wealth creation, wage growth and price appreciation for real assets. Just like massive advancements in technology drove up asset prices in 30s America, or 90s Japan, or 1880s America for that matter ...