[quote=markmax33][quote=flu][quote=markmax33][quote=sdrealtor]Sorry to say you wont ever see that but at least we know your RE fantasies now.[/quote]
The ideas I posted will absolutely happen slowly over time. If you asked a RE agent 5 years ago if Redfin or Ziprealty would be as successful as they have they would have told you no way. Several other industries with high paid sales positions have evaporated over the years because the internet has automated the processes and it will happen in RE too. Look at stock traders, look at turbotax, look at legalzoom. The market will readjust.
The RE market will eventually completely collapse and liquidate. It has happened every time before and will happen again. It’s hard to say what and when the catalyst will be but it’s coming. It is silly not to look at history and say it won’t repeat itself. Cash will be king. We ain’t there yet.[/quote]
[quote=flu]
1. I think you’re really committing financial suicide if you think cash will be king.
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During the RTC sales in the 89/90 timeframe people were buying lots of condos at the beach for $10k each with cash. People were buying homes in Florida for a dollar. Get your facts right. Obviously I’m not impying to be in cash right now, I’m implying having it in an investment you can liquidate for when you need it.
[quote=flu]
2. Ziprealty, Redfin successful? You’re joking right?
Dude, that’s some good weed you’re smoking….
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Online automation has transformed every sector. There are a couple of extra barriers to entry in real estate but they won’t last.
[quote=flu]
3. History has not shown cash is king. At least not cash in a country with a weakening currency. Haven’t you been listening to Ron Paul?
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Obviously I’m not impying to be in cash right now, I’m implying having it in an investment you can liquidate for when you need it. I’m buying precious metals don’t worry.
[quote=flu]
4. Meanwhile, you can *hope* the United States falls into some dictatorship, and a single guy has his head screwed on right, and fixes all the economic issues facing the U.S. by force…And then hope that at the time we have more bombs than china when we give them the middle finger. But unless that scenario plays out, our dollars will be trashed, and U.S. cash clearly won’t be king.
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See above.
[quote=flu]
5. Sitting here and posting about the sky is falling really isn’t gonna help your own situation imho. If you want to take action, time to start in your own household.[/quote]
Riiiiight… Buy now with the massive supply on the books. Good one Sir! Econ 101 – supply and demand. It has to hit the market and will.[/quote]
Yawn, it’s getting old really mark….Just stick with online poker will you?
Let’s put it this way. You’re cheaply discounted online choicey beachfront property isn’t gonna happen. Really good deals still get swept up by people with deep pockets (and yes these folks do exist)…So we’ve been here before, 50%+ off on beachfront ain’t gonna happen. And in other parts of S.D. 50% has already happened.
And let’s face it, you’ve relocated into SoCal recently. I’ve been in SoCal and NorCal all my life, so I’ve seen the 90ies correction here….You’re kinda exagerrating on what happened then.