Wanting a recession and predicting one are two seperate things. Wanting to be right or just planning that you are right, equally different. I know there are people who earn 50k and have very little savings so their only hope for ownership is moving or a collapse so the prices fall in line with their income. But that person is not the majority here and that person will likely be negatively affected by a recession as well.
I hate being demonized for predicting a dramatic housing decline and a recession brought on by said collapse, I didn’t cause it, I just saw it coming and planned for it. So did most of my homeboys on this site. If we had planned for a particular stock to rise and bought it before it went up, nobody would be critical of us, that we are profiting from some “victim.” But that’s exactly what we would have done, the person we bought the stock from lost, we won, yet we are considered “smart.” Predict that housing will crash, buy a repo for half price and suddenly we hurt some old lady with our greed and our wishing misfortune on others. Both scenarios are the same, they just play out differently to you conscious. My weekly “wire” quote is fitting “It’s all in the game.”
