[quote=flu]
it’s just interesting to observe one transform from being an uber bear in the housing and stock market for so many years (close to a decade) suddenly is a stock market permabull, at precisely the moment when the stock market was at an all time high, when a sizeable speculation was made.[/quote]
??? the market is what it is… I still don’t believe in housing, I think housing is in a bubble. There is a huge difference between investing in stocks and buying a home. Buying a home is done with debt which I may not be able to repay if there is a huge recession. If stocks tank I will still be ok and will be able to ride it out.
Given the cost of homes and the burn rate required even for a shack these days unless you are a wealthy SOB you will lose everything in a major recession – this is fine with most people but not with me. Most people are idiots who did exactly that and lost it all in 2008 but they will never learn and make big bets that they cannot sustain and then think they are doing great… wait till all of them lose their homes.