[quote=sdrealtor]You are delusional if you think a crash is happening right before our eyes. In a crash all asset classes are plummenting and nothing like that is happening. What we are seeing is growth stock correction and the typical sector rotation into value stocks on Wall Street. For example LLY and ABBV are close to all time high. XOM is back to levels it hasnt seen in years and close to all time highs. Just spoke to a friend in the scrap metal business today. He’s never had it so good.
Real estate is at all time highs with multiple offers still the rule. Are you reading the weekly reports I post? That is data not hopes and dreams, its what is happening on the streets here and now. You are hoping for things and imagining them. None of us are saying things wont go down and yes a crash is always a possibility. But nothing out there says crash at the moment.
And if there is one those of us who have dedicated ourselves to invest wisely over the long term will be poised to exploit one. We operate in the real world while you live in the land of hopes and dreams.[/quote]
Don’t be a party pooper!
I’m very hopeful that deadzone is right and I can have one more chance to pick up a couple more houses at 2019 level. I am kicking myself for being too skittish in 2019-2020.
