[quote=deadzone][quote=flyer]And, not just “rich people,” dz. We also know a lot of people who, although they were not really in an optimum position to do so during The Great Recession, bet there would be a rebound, so they gathered all of the resources they had, and also invested. Of course, things could have gone either way, but, in retrospect, they are very glad they did.[/quote]
I called this gambling because if one were to read this, it literally said they “Bet” there would be a rebound, with all their resources. That is by definition gambling and risky. I am not criticizing the decision, just pointing out that it is/was a risky decision and only looks good in hindsight.[/quote]
No, you said it’s “literally gambling.”
If you can’t tell the difference between:
1. Buying a financial asset (ie a stream of future cash flows) at a distressed price during a time of economic uncertainty, vs.
2. Keno
…then I can’t help you.
[quote=deadzone]Meanwhile, Rich of all people calling me out for this? Seriously, I am the only active participant on this forum that is expecting a RE crash, of course it looks like I’m picking fights because there is nobody else here with that view apparently. Everyone else is so heavily invested in RE that they can’t bear (no pun intended) to hear it.[/quote]
Ah, there’s the ad hominem again.
It’s funny, you go on about how much better this site was back during the mid-00s bubble. (At least the design looked somewhat modern then; I’ll grant you that).
But the main thing I remember from back then was that 90% of the bulls went straight to ad hominem. I could write some long article with data, charts, analysis, etc, and the entirety of the response would be, “You’re just a bitter renter.”
In addition to being insulting, it was pathetic and just showed the weakness of their arguments. Just like when you do it now.
BTW you look like you’re picking fights because you’re picking fights. But I suspect you knew that.
