Let’s get past that and admit that anyone with an understanding of market forces and the emotions of fear and greed absolutely KNEW that this local property market was going to crash. The older you are, the easier it is to understand my statement.
We’re here sharing opinions and ideas about the way we think. If someone wants to post relevant FACTS and figures that support bullishness, they are welcome to.
The problem is, their AREN’T any bullish signs.
It’s not a matter of doomsday, it’s a matter of being realistic and understanding what is going on and how to be positioned defensively to the best of your ability to survive hard times.
Saying that they aren’t making any more land AND everybody wants to live here is poppycock.
It’s not all doom and gloom. I can tell you with absolute certainty the following things:
a)This country is going to have a major depression that will make 1930’s look like it was booming.
b) The stock market will crash and millions of people will be devastated psychologically and financially.
c)Terrorism will continue and a huge attack on US soil will occur.
d) A major earthquake is going to happen in CA
e) A high ranking politician will be caught in a major lie
f) A CEO will go to jail for corporate fraud
g) Interest rates will change
h) The cost to mail a letter will go up
i) The Rolling Stones will stop touring
I just cannot tell you WHEN any of the above things will happen………..
I am pretty sure of the following also:
1) Paris Hilton isn’t going to graduate college with an MBA
2) Oprah is not going to be on welfare
3) McDonalds isn’t going out of buisness
4) Shania Twain isn’t going to move in with me
5) The internet isn’t going away
6) People aren’t going to stop dying
7) The weather is San Diego is good year round
(That’s why EVERYBODY wants to live here)
8) Disneyland isn’t closing down
9) There won’t be peace in the middle east
As far as you wanting “short plays” do you want exact addresses or will neighborhoods and zip codes do ?
OR
Are you trying to turn this into a stock market site so that you can tell us how well your returns have been and you are bullish cuz you have made a few bucks on paper in a few years ?? (That are still subject to losses)
I’m guessing that your are under 40, and possibly under 30 and think that you know it all about long term investing and trends and economics.
I already know that there are others that post on this site that could chew you up in minutes. They have forgotten things that you will never know or understand.
Feel free to correct anything that I an incorrect about, I will humbly correct my post, gladly.
When I was younger, I was also brash and thought I knew it all.
When I was 20 my mother told me that I had all the answers, but she also said that I wouldn’t know the questions until I was at least 30. She was right.
