[quote=Chris Scoreboard Johnston]I have to point something out here. The comments about people in here being ahead of the curve is inaccurate. There is very much of an overall extreme herd mentality in here. Anyone doing something they don’t agree with is an idiot. Corrections always over correct ( this statement clearly is made by people with no understanding of statistics ).
I always wonder what it is that makes someone who rents because they don’t have enough money to be a 500k house smarter than someone who has made millions of dollars investing. There have been so many in here who fit this critiquing wealthy investors for what they do. This is like a 36 handicap golfer criticizing Tiger Woods.
I have no idea if people investing in RE here and now are timing this right, I think they are pretty close in terms of price maybe not in time. I do know that the majority of the people here will miss the opportunity to buy at good levels by having the day trader mentality with all of this.
This continues to be a good place to fade the consensus in spite of several exceptions of very sharp people in here. The overall sentiment in here is pretty typical of the US as a whole in my view and that is how I use it, to fade it.[/quote]
Hmmm, Most of these people Sold (or at least did not buy) near the record high price and bought near current price levels, …. And either it is their primary residence or is cash flow ++
Herd I think not, (well at least most pigg’s anyway).
But Yea sometimes with things like Gold and Oil maybe I saw some herding here and there. They would probably be better served sticking to RE as a subject,.
