Again you guys are vastly overrating the job losses associated with the recession. I don’t know anyone who lost their job in the last crash. And regardless, I have a lot more savings than most people (who are generally in debt) so could easily survive a mega-crash even without a job. I say bring on the crash and bring it hard.
But again, we all know the Fed is going to come to the rescue eventually. That is the wildcard that makes it impossible to go “all in” betting one way or the other.[/quote]
No, that’s not what I’m saying. What I’m saying is basically what you are now saying in a circular way. A minor job loss probably isn’t going to make a dent in housing inventory. Minor job losses can be absorbed over brief periods of time. Job losses could make a dent in housing inventory if it is widespread and sustained. But for job losses to make a material impact on housing inventory as you would like…seems like it would need to be severe and widespread and sustained, and my point is that’s a double edge sword, since inevitably you would be impacted, and you’ll most likely be disappointed for the very same reason that during the dot.com correction, it doesn’t appear you had taken significant advantage of a downturn from then and during the past 20 years when we had downturns. If you were working around the time of the dot.com crash of 2001, that means you’re a pretty old dude like me….any sort of advantage you could have taken, you would have already taken, and there were many of them for the past 20+ years…And here we are still talking about how the next downturn is going to make you whole, 20+ years later.
I can’t predict what will happen, but I’m pretty confident you aren’t going to benefit as well, if at all, from a downturn as you think you will, if history is an indicator.
