[quote=deadzone][quote=svelte]I think I’ve been crossing back and forth between two topics in this thread and haven’t made myself clear.
Do I think housing prices will drop? Yes, at some point in the next fews years. As bad as 2008? Nope. It may not hit 20% down as sdr points out.
What I do think will happen is that stocks will crash. Probably greater than 20%, perhaps 30, unsure about 40. And I’m totally unsure of the timing of that.
I could totally be behind the times. Perhaps we are drawing so many tech jobs that housing prices won’t dip. Certainly a possibility.
Another thing I may not be factoring in is just what sdr pointed out. House price increases aren’t linear. At least in my neighborhood, we are coming off a few years of not impressive price increases. Then this year hit. Perhaps it is making up for past years when we got overlooked, and when viewed through that lens perhaps 30% increase is justified.
I don’t know. I’m not an expert. I just play one on the internet.[/quote]
If there is a stock market crash, housing will crash too, guaranteed. The same forces are blowing up both bubbles. And if there is a crash, it will be far worse than 2008. That bubble was purely housing and mortgages, now there is more insane speculative money out there than I’ve ever seen. This makes the dot com bubble look like child’s play. This bubble is everywhere. Look at the insane housing prices, stocks, crypto currencies, even baseball cards. I not kidding, I follow sports collectibles and there are cards auctioning off for 7 figures on a weekly basis. This is insane and unprecedented.[/quote]
From a recent blog on comic book speculation.
(I do own a giant size X-Men 1 in a safe deposit box sadly not super high grade.
Purchased new as a lad.
Too bad I didn’t buy a handful of them.
I would never sell. Comic book analyst here sounds savvier and soberer than most wall St. Analysts…..)
Conclusion
Our current comic book market is one of the hottest markets I have ever seen. Many knowledgeable people in the industry are comparing it to the crazy 90s comic book boom and bust. During that time, comic book speculation became an off-the-hook gambling mentality. People chased books with no clue as to the value. Speculators were storing Modern Age books of no value in storage lockers. Books like the X-Men #1 (1991) were simply hunted to the point of delirium. The result was a comic book market collapse and many retail establishments going out of business.
Now, we have a market on stimulation steroids fueled with crazed online buying due to the pandemic. The key factor for this burst of buying is the added stimulus checks. How will this end? Who knows? I definitely believe history will not repeat itself as speculators are a tad savvier than they used to be. That said, I predict within a year everything will be relatively back to normal (God willing). Hopefully, we should see this level of speculation subside. Either that, or books like Giant-Size X-Men #1 will be approaching the $100K barrier. At this point, nothing would shock me in comic book speculation except the level of denial for people that think it can go on forever.
