Powayseller, please don’t go because it’s not going to be the same without you.

You’ve been very thorough and provided a lot of useful information. I agree with you about a 50% drop from the peak. I does not sound like a disaster to me for a $1 million house to drop to $500k. Personally, I don’t mind a recession because I do better in a conservative investing environment. I have a hard time following the herd to riches. I still remember the early 1990s with Bush the father. It was just fine by me.

People don’t like you raining on their parade and they think that you’re negative. I was talking on the phone to a friend and telling him about a possible 50% drop in RE. He promptly ended the conversation. I also learned to keep my mouth shut in social settings.

A web forum is kind of like a cocktail party. People want the conversation to be light and breezy. The positive is reinforced and the hard and difficult in talked only in a very circumspect manner. Actually, all of society is getting that way. We don’t want to deal with hard important issues. There’s no reward for being right on the way down.

It’s ok to say that investments will go up 50% but if you go the otherway, people will call you irresponsible and they will demand proof. Remember dot.com? Why do you think economists don’t like to predict a recession?

Powayseller, don’t take it personally if you don’t get responses to your posts. You do research but others may not have the time to research and read everything you do.

Please stick around. In 5 years, you can say “I told you so.” The bulls will hate you even more for being right, ha.ha.ha..