HI PD. I’m not a realtor, nor I am a deeply mortgaged homeowner (I paid my mortgage off last Monday).
I think sdduuuude is pointing out that inflation is a huge variable we must consider when trying to get to a reasonable prediction (that might be an oxymoron) of what could happen next in our economy, especially in the housing sector.
And if no one really knows the value of that variable, there are a multitude of outcomes that could be realized over the next several years. I believe he was simply pointing that out.
Powayseller asked what we could do to bring some civility to these forums. My suggestion is to perceive whatever is posted as being in support of all of us becoming more aware of what may happen next. Instead of interpreting a post as hostile or mean spirited, what would happen if we saw it as simply another contribution to our knowledge of this most complex situation.
No one, absolutely no one knows what will happen next. So, I try to base my beliefs on what is useful.
My opinion, my belief, is that the best thing to do is wait for an obvious trend to emerge and then follow it. Acting on predictions is a very dangerous way to operate. I try to run through as many scenarios as possible in my mind, (no matter how ridiculous they may seem) and then if one manifests itself, I will at least be prepared to deal with it and take action based on how accurately I analyzed that particular possibility.
Sometimes the best response is none at all. I try to observe and then simply follow the trend (react to what is happening around me). If no direction is clear, I simply step away and wait for one to emerge.
sdduuuudes post gave me a whole new perspective to operate from and helped create another level of awareness realting to the possible outcomes of this housing market.
Right now, no one knows what is going to happen. No one. But I keep coming to this website because I like to read your posts, powayseller’s, sdduuuude’s and anyone else who cares to state thier opinion or beliefs here.
This is not Japan and it is not 23 years ago. That was then, this is now and this is brand new territory for all of us. So let’s keep sharing our ideas, our opinions and our beliefs and keep the personal slights out of the forums.
Let’s just see where it all takes us and by discussing all the possibilities, different points of view, opinions and beliefs, we will be better prepared for whatever happens next. We will all benefit together through our willingness to participate in this forum. How exciting is that?
