WOW, you guys really reacted to that post. Must have hit a sore spot.
Pasadena Broker, you are fairly eloquent, that’s nice. Whats not nice is that you have presented an argument devoid of any data, even anecdotal evidence.
So many times over the last few years people from the other side of the tracks have come here and posted basically the exact same argument. They NEVER provide any evidence. I am sure that SOMEONE was buying RE even in december of 1929, but not alot of people.
I’d hate to loose your eloquence (on this board), but you have to add some substance, or next time I post, I will lose mine.
We make predictions and we argue over them, and yes these are all subject to re-discussion. Emotion plays no place in my discussion of RE, except insofar as it explains the stupidity of crowds.
Ultimately Pasadena Broker, you have missed the point badly. We aren’t here to market time, and most of us despite flippant predictions don’t claim to be waiting for the absolute bottom. Nobody knows where that is. What we are doing is waiting and communicating about the cyclic nature of the most expensive asset most of us will ever buy. Bouncing ideas, testing theories and sharing information.
Please provide evidence that we are holding our breath.
Please provide statistics that show why RE isn’t going down.
Please join our group constructively.
