[quote=kev374]market is down only 11%, hardly a house of cards crashing… when we lose 30% then we can talk about a crash, but right now it’s bullish.[/quote]
Huh?????
In the past you’ve complained so much about the affordability of housing and put off buying thinking if you bought, home prices might correct and if I remember were fretting over a decline of anything 10+% or more.
I don’t get it. You worried about home prices falling for so long, despite it would have been your primary home and part of that would have been an alternative to paying rent….But losing 11% in the stock market in just a 3 month period is no big deal???? Perhaps the rationale is that since one hasn’t sold the stock index funds, technically one didn’t lose money yet. Ok fine… by the same note, technically if one doesn’t sell a primary home with a declining price , one hasn’t lost money either….and at least in the later case, you aren’t paying a làndlord anymore too. How fast do you think SoCal home prices would correct 11+%?
Also, what is the average annual return of the stock market for the past 20 years? it isn’t double digits, if I recall.
This is why I was very surprised you put a huge chunk back into the market after sitting out so long, all at once. it just seemed like it was inconsistebt with the aversion you had to risk in real estate, when imho both are have roughly the same investment/speculation risk.
