[quote=CA renter]I agree that Powayseller was right. She doesn’t need to say she was wrong, because she was right. The housing market saw 40%+ declines in San Diego County, didn’t it? And we did see a severe stock market correction.
Nobody can be right on timing 100% of the time, but she was absolutely right on the direction of the markets.
There are many of us who do daily battle with the concepts of inflation/deflation and which will win over time. I’m a long-time deflationist, but hedged against a dollar decline a few years ago because I was/am worried about a currency crisis (now out of those positions).[/quote]
I thought powayseller was all about 50+% decline, not 40+%? Timing and magnitude is key, not direction. Almost everyone on here were predicting a decline in 2006. Like sdr said, I think she was predicting 50+% decline in nicer areas, not Temecula and Chula Vista. I’m still waiting for 50% decline in MM SFR, any chance that’ll happen?
powayseller was predicting S&P500 @600 in 2007. If that’s your definition of being correct, then I can predict SD housing market will double next year and NASDAQ will hit 5000 next year too. I might be off a few years to a few decade, but I’ll be right eventually. Broken clock is right 2 times a day.
