[quote=sdrealtor][quote=XBoxBoy][quote=JPJones]How does someone with a 16 year old account here (DZ) not own a house in San Diego yet?[/quote]
I think it’s way easier than you might think. It’s emotionally very tough to buy when the market is down. You are always second guessing yourself because it might go lower. Then when it starts to rise, you tell yourself to be patient, it will go back down again. Personally, I’m not sure I would have bought in 2009 if it hadn’t been for my wife who really wanted to own a house.
The stock market is the same way for me, and because of the difficulty of catching the bottom, I’m a buy and hold stock player. Unlike a lot of people on this blog, I pretty much never sell, I just hold broad market ETFs.[/quote]
Well congrats to you and the wife. Around here anytime you can buy when its at or about equivalent rent its is pretty much no lose on a long term hold house. Its funny that someone who criticizes us and other for being home investors didnt buy when it made sense as an owner occupant like we all did. If he didnt view it as an investment he couldnt have helped but buy and that is perhaps the greatest irony.
I think more of us are buy and hold stock players here than you think also. Sure I have my play money but 80% is in a ML account that pretty much never sell and if I do its based upon an annual review and tax loss selling or reallocation when overweight on a stock/sector after meeting with my long time broker team there. I can go years without making trades there[/quote]
Even if you tune out the discussions, the data being posted on the blog alone was enough to know roughly when it was safe to buy, and that window spanned over a decade. Being a pessimist is one thing. This sounds more like they just completely gave up on the market and want to see it fail.
Likewise on the buy-and-hold. I see the stock market as gambling, and I’m not a good gambler. All the stock we own is in retirement accounts that we never touch and our house. I do enjoy watching it and our Piggs’ predictions here, though.
