Canary in the Coal Mine

[Coronita]

[quote=flyer]And, not just “rich people,” dz. We also know a lot of people who, although they were not really in an optimum position to do so during The Great Recession, bet there would be a rebound, so they gathered all of the resources they had, and also invested. Of course, things could have gone either way, but, in retrospect, they are very glad they did.[/quote]

Yes, you see, flyer is basically saying the Great Recession was an opportunity of a lifetime….We aren’t the only one saying it dz….

[sdrealtor]

GOOAL!

[JPJones]

[quote=Coronita][quote=flyer]And, not just “rich people,” dz. We also know a lot of people who, although they were not really in an optimum position to do so during The Great Recession, bet there would be a rebound, so they gathered all of the resources they had, and also invested. Of course, things could have gone either way, but, in retrospect, they are very glad they did.[/quote]

Yes, you see, flyer is basically saying the Great Recession was an opportunity of a lifetime….We aren’t the only one saying it dz….[/quote]

So if the housing market does crash again and dz acts on it by buying a house or two, would that count as his redemption arc?

[Coronita]

[quote=JPJones][quote=Coronita][quote=flyer]And, not just “rich people,” dz. We also know a lot of people who, although they were not really in an optimum position to do so during The Great Recession, bet there would be a rebound, so they gathered all of the resources they had, and also invested. Of course, things could have gone either way, but, in retrospect, they are very glad they did.[/quote]

Yes, you see, flyer is basically saying the Great Recession was an opportunity of a lifetime….We aren’t the only one saying it dz….[/quote]

So if the housing market does crash again and dz acts on it by buying a house or two, would that count as his redemption arc?[/quote]

Part of me hopes that happens just so he would get that œ chip off his shoulder so we can move on, lol.
but I hope it doesn’t turn into another analysis until paralysis and ends up being missed opportunity of a lifetime 2.0. lol

[flyer]

Perhaps, for whatever reasons, he really doesn’t want to own a home, and that’s fine. If that’s the case, and since he won’t be held responsible for the decisions of others, it seems to me he should just be happy/content with his decision, and let others be happy/content with theirs. I just can’t imagine putting this much effort into proving the decisions of others right or wrong.

[teaboy]

Echo!

tb

[Coronita]

[quote=flyer]Perhaps, for whatever reasons, he really doesn’t want to own a home, and that’s fine. If that’s the case, and since he won’t be held responsible for the decisions of others, it seems to me he should just be happy/content with his decision, and let others be happy/content with theirs. I just can’t imagine putting this much effort into proving the decisions of others right or wrong.[/quote]

But is he, happy?

[XBoxBoy]

[quote=sdrealtor]Ok lets put this one to the test. Lets pick 4 zip codes and I’ll do research on what cash buyers look like in each. I get to pick one, DZ picks one, FLU picks one and I’ll throw out one wildcard to the piggs at large. [/quote]

I pick La Jolla. 92037

[Anonymous]

[quote=flyer]And, not just “rich people,” dz. We also know a lot of people who, although they were not really in an optimum position to do so during The Great Recession, bet there would be a rebound, so they gathered all of the resources they had, and also invested. Of course, things could have gone either way, but, in retrospect, they are very glad they did.[/quote]

That’s literally gambling.

[Rich Toscano]

[quote=deadzone]That’s literally gambling.[/quote]

You are “literally” indistinguishable from a parody account.

[Coronita]

[quote=deadzone][quote=flyer]And, not just “rich people,” dz. We also know a lot of people who, although they were not really in an optimum position to do so during The Great Recession, bet there would be a rebound, so they gathered all of the resources they had, and also invested. Of course, things could have gone either way, but, in retrospect, they are very glad they did.[/quote]

That’s literally gambling.[/quote]

DZ, perhaps it hasn’t occurred to you yet that…what you (haven’t) done financially for the past 20+years was gambling too…

…It was gambling with pretty good odds that….
…the end result 20+years later financially would be a pretty shitty outcome….

[an]

[quote=Rich Toscano][quote=deadzone]That’s literally gambling.[/quote]

You are “literally” indistinguishable from a parody account.[/quote]
ouch

[flyer]

https://www.investopedia.com/articles/basics/09/compare-investing-gambling.asp

https://realtytimes.com/listings/item/1033534-investing-in-real-estate-isn-t-gambling

DZ, the above are a couple of articles that compare investing to gambling, as they pertain to various investments, including real estate. There are many more online.

Having gone through many real estate cycles, most of us here made “educated guesses” when we chose to invest in real estate during the past recession. These “educated guesses” were based upon the fact that, among other factors, we were aware that, as most investments, there are cycles, so we knew, barring the extinction of humanity, there would, as cycles go, be a rebound, so we would, at the very least, break even.

That said, although I know you want to continue this dissertation indefinitely, regardless of what we can prove to you to be true, even if you are proven to be 100% correct, as far as this cycle goes, it will have no effect on our situations–as we have already far exceeded our initial investments far beyond the impact of any present or future contractions.

If you are truly concerned about others who did not invest during a down cycle opportunity, and are now investing in real estate at exorbitantly high (inflated?–we don’t know yet) prices, you should make every effort to find a platform to inform them of their folly, but I just don’t see the point as far as most of us here are concerned, and I say all of this in all sincerity.

[Coronita]

[quote=flyer]https://www.investopedia.com/articles/basics/09/compare-investing-gambling.asp

https://realtytimes.com/listings/item/1033534-investing-in-real-estate-isn-t-gambling

DZ, the above are a couple of articles that compare investing to gambling, as they pertain to various investments, including real estate. There are many more online.

Having gone through many real estate cycles, most of us here made “educated guesses” when we chose to invest in real estate during the past recession. These “educated guesses” were based upon the fact that, among other factors, we were aware that, as most investments, there are cycles, so we knew, barring the extinction of humanity, there would, as cycles go, be a rebound, so we would, at the very least, break even.

That said, although I know you want to continue this dissertation indefinitely, regardless of what we can prove to you to be true, even if you are proven to be 100% correct, as far as this cycle goes, it will have no effect on our situations–as we have already far exceeded our initial investments far beyond the impact of any present or future contractions.

If you are truly concerned about others who did not invest during a down cycle opportunity, and are now investing in real estate at exorbitantly high (inflated?–we don’t know yet) prices, you should make every effort to find a platform to inform them of their folly, but I just don’t see the point as far as most of us here are concerned, and I say all of this in all sincerity.[/quote]

That’s actually a pretty good article that hopefully dz will understand after reading it
specifically

[quote]
Investors must always decide how much money they want to risk. Some traders typically risk 2-5% of their capital base on any particular trade. Longer-term investors constantly hear the virtues of diversification across different asset classes. However, risk and return expectations can vary widely within the same asset class, especially if it’s a large one, as the equities class is. For example, a blue-chip stock that trades on the New York Stock Exchange will have a very different risk-return profile from a micro-cap stock that trades on a small exchange.

This, in essence, is an investment risk management strategy: Spreading your capital across different assets, or different types of assets within the same class, will likely help minimize potential losses.
[/quote]

[Anonymous]

[quote=Rich Toscano][quote=deadzone]That’s literally gambling.[/quote]

You are “literally” indistinguishable from a parody account.[/quote]

Whatever you say. Apparently I’m the only one left on this worthless blog who believes were are in an epic bubble. Although all you have to do is check the Fed balance sheet to see the source of the bubble, pretty clear cause and effect.

Back in the last RE bubble, there was a lot more interesting debate here. Now the site is very one sided, clearly because most on here are heavily invested in RE so they all get extremely butt hurt by those mentioning a possible crash. Sorry, don’t like the message? Just blame the messenger. “DZ just has an axe to grind” so we can ignore the oncoming crash. LOL

Sorry, your feelings about me aren’t going to change anything. If the Fed does in fact follow through with the QT, things are going to crash HARD. The market was artificially stimulated with trillions of Pandemic printed money, you think things are going to go well when that is pulled away?

[Author]

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