[quote=deadzone][quote=Coronita][quote=deadzone][quote=Coronita]
Fairness has nothing to do with any of the 3 situations. Any time “fairness” comes into play, then we end up with weird government encroachment like government officials trying to forgive student loan debt….Expecting government to erase bad decisions made by individuals…[/quote]
I agree there should be no forgiveness for student loans. Government should stay out of the markets, do you agree with that? But unfortunately that is not what has been happening in the last 13 years. The Fed intentionally blew up a ginormous housing and asset bubble through manipulation of the bond and mortgage markets. That is the opposite of free market. And particularly since Pandemic, any gains that were made in RE or stock values were ill gotten, and are in the course of being reversed. But since they were bogus “gains” to begin with, it is only right that they correct themselves.[/quote]
That’s not what I said. What I said is the government has no business interfering with personal finance that does not impact the country’s financial security. That’s not its job.
Howver, the government’s job is to ensure financial security and stability and use every tool at it’s disposal to achieve that goal , even if it means screwing over some of the little guys in the process if it benefits the stability and the majority of the population
again, you are using social inequity as the primary reason to justify why a housing crash would be a good thing. Social inequity doesn’t apply to your case. You want a personal bailout for your own decisions you didn’t make decades ago because you fucked up…own it.[/quote]
Whoever said I wanted a bailout? You are just pulling stuff out of your ass. And do you really think the bailouts and Fed money printing was done to benefit the majority of the population? You are a fucking idiot if you really believe that. It was done to protect the bankers and Wall St class. That is literally who the Fed members are. And Paulsen who led the bailouts was literally former President of Goldman Sachs. You can’t make this shit up.
Meanwhile, going back through this thread all of my warnings about the Tech collapse were correct and are coming true. In a matter of time the RE collapse will be underway. Now stop blaming and attacking me just because I am pointing out the obvious. I didn’t cause the bubble nor am I responsible for the crash. It was the Fed and USG. Blame them if you don’t like it.[/quote]
Uh, again for some odd reason you have this really weird notion that somehow I care the stock market in general and tech is correcting. If you go back on this thread, none of the reasons why you said tech would correct ended up being the reason why tech is correcting.
Inflation + war. That’s the real reason why markets are going bonkers. And you didn’t predict that anywhere in this thread.
This original thread you started was about remote work ending and the impact it would have on housing. Still waiting…. None of which is relevant or true. In fact, in UTC where supposedly you live, housing situation is worse now that students are “return to campus” and can no longer stay at their parents house taking classes …if you aren’t staying in a house your family owns for free or subsidized cost, chances are you’re paying more for rent now then before because of that or will be when your lease is up.
But it doesn’t matter because from what you posted above in response to AN, you didn’t even take significant advantage of your so called prediction of a downturn in the stock market to materially make a difference in your finances… You don’t put your money where your mouth is and so there’s no surprise you keep missing the boat when a correction does happen …
…and the funny part is you think you’re better and different than those speculators that gamble on crypto
…they lost present value money by gambling on appreciation of a risky asset
…you lost purchasing power due to inflation and rising living costs that you failed to peg for 20 years…
Different gambling same result. Backward movement, just at a different rate. But give yourself a pat on the back for whatever you are trying to prove here. I’m not sure how it’s helping you financially move forward, but frankly that’s not my problem nor my concern. That’s your problem that you now own.
