Canary in the Coal Mine

[sdrealtor]

Uh…no. I was just as heavily invested in RE during the bubble if not more and certainly far more leveraged with far more to lose while talking daily about the bubble and the needed correction. I think many and perhaps most of us were. Silly strawman

[Coronita]

[quote=deadzone][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?[/quote]

Lol.

[Anonymous]

yes you guys are doing very well financially, keep patting yourselves on the back. But you do not represent the typical American. Most are in debt up to their eyeballs. The current inflation is destroying people.

Regardless, all I’m saying is this is the mother of all bubbles. It does make sense, if you take into account what the Fed has done (see balance sheet). So stop arguing with me and just jump on the pain train and enjoy the crash. I have no doubt you will make out much better than most.

[Coronita]

[quote=deadzone]yes you guys are doing very well financially, keep patting yourselves on the back. But you do not represent the typical American. Most are in debt up to their eyeballs. The current inflation is destroying people.

Regardless, all I’m saying is this is the mother of all bubbles. It does make sense, if you take into account what the Fed has done (see balance sheet). So stop arguing with me and just jump on the pain train and enjoy the crash. I have no doubt you will make out much better than most.[/quote]

Lol.

We’re not getting butt hurt from a crash or giving ourselves a pat on our backs. We’re just laughing at your posts…. At least I am….

Crashes are good. They create opportunities of a lifetime… Apparently, most of us know what an opportunity of a lifetime is, because there were a few distinct one for the past twenty years.

Opportunities of the lifetime are good and I would highly recommend participating in one. I know opportunity of a lifetime triggers you, and I’m sorry that you might have missed the housing opportunity of a lifetime, and the pandemic stock market opportunity of a lifetime. But I’m sure if you wait another 20, 30 years, there could be another opportunity of a life time when you’re 58-60 years old. And it’s definitely worth putting your entire life on hold of that one-hit-one-shot opportunity of a a lifetime that you’ll clearly be able to spot, and seize on, just like the first couple of opportunity of a lifetime events that has happened in the first 20 years of your career….

Consistency is key. Because if one is able to spot and seize opportunity of a lifetime, there’s a high probability they’ll be able to do it again.

On the other hand, those that consistently miss opportunities of the lifetime, most likely will consistently miss them even when they do occur. Because it’s not the opportunity that’s the problem…It’s the person’s mentality that causes them to make the same mistake over and over again…

[Coronita]

Maybe that’s the new ticket to the next opportunity of a lifetime.

An entire infomercial series like the Robert K. “Rich Dad Poor Dad Series” that we can sell called

“The Opportunity of a Lifetime, Don’t Miss It” speaker series…

You too can learn how to spot the opportunity of a lifetime if you buy my books and attend my Opportunity of a Lifetime seminars….

In Opportunity of a Lifetime 101: I teach you the basics of GOOAL.. That stands for Great opportunity of a lifetime….

In Opportunity of a Lifetime 102: I’ll provide hands on practice simulated life experiences that will allow you to test your opportunity of a lifetime detecting skills… We’ll go through real world AI-based simulated experiences so you can understand the psychology of GOOAL

In Opportunity of a Lifetime 201: I’ll provide a comprehensive diagnostic of your mentality that is preventing you from obtaining GOOAL nirvana!!!

[Anonymous]

You are the one who gets triggered. You get the piggington award for most all time characters typed, by a landslide! But looking back do you think you’ll ever regret the amount of time you wasted on this pointless exercise?

[Rich Toscano]

[quote=deadzone][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?[/quote]

I have stated here my view that housing is perilously expensive, and that if rates don’t drop, housing valuations probably will. Outside of housing, I have repeatedly stated my belief that US growth stocks have been in a major speculative bubble that will probably end in a manner typical of bubbles.

The issue isn’t with whether you are bullish or bearish. The issue is with the quality of the commentary, or in your case, the complete absence of quality.

Just in this thread, you’ve said:

“Most cash deals are either investor, or to launder money.”
-> No they aren’t.

(Re. enduring uncertainty while investing in an asset that offers a long-term stream of cash flows) “That’s literally gambling.”
-> No it isn’t.

“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.”
-> Insulting and self-defeating. Going ad-hominem just shows that you’re not capable of making a real argument.

“[various gibbering] the Fed balance sheet”
-> Ah yes, there it is, right on cue. Yes, the Fed matters a lot; nobody disagrees with that. Incessantly mentioning the Fed doesn’t make you more right or add anything to the conversation.

“this worthless blog”
-> Tough but fair.

“The market was artificially stimulated with trillions of Pandemic printed money, you think things are going to go well when that is pulled away?”
-> In fact, I do not think that. Interesting topic to be sure.

I actually wish there were more people representing a reasonable, well-informed bearish viewpoint on this site. So you’re not being singled out (by me anyway) because of your bearish views, but for the complete lack of anything resembling “reasonable” or “well-informed.”

Just about a year ago I wrote this (the context was you, deadzone, using comically bad analysis to “call BS” on something I had written):

[quote=Rich Toscano]Deadzone, your posts are garbage. They are just an endless stream of ill-informed, monomaniacal, combative, and incredibly repetitive rants. I’m tired of seeing them and I’m tired of you dragging every thread into the same endless, pointless, unbelievably tedious debate.

If you have something useful to add to the conversation, such as actual facts or really any topic besides your lunatic obsession with the Fed, please do so — without the pugnacious attitude. Otherwise, you’re going to need to take it somewhere else.[/quote]

And now here I am basically writing the same post again. I don’t know man. Are you going to attempt to be a useful member of this forum at some point? Or should I just save everyone time and ban you now?

[Anonymous]

Ban me, I don’t care. That way your small of cadre of remaining members can continue their circle jerk in peace. This forum is useless at this point, only a shell of what it was in the 2000s. I try to provide some entertainment and opposing views but it is utterly boring when there are no bearish opinions here except mine, which is amazing since at this very moment in history there are many strong signals that an epic bear market is in the future.

[Coronita]

[quote=deadzone]You are the one who gets triggered. You get the piggington award for most all time characters typed, by a landslide! But looking back do you think you’ll ever regret the amount of time you wasted on this pointless exercise?[/quote]

Now now. No need to get personal dude. We only have once in a lifetime opportunity to be on this planet , and we don’t want to unnecessarily raise our blood pressure in our +20year from career start old age , because it could trigger a boatload of health issues…

I’m ok wasting my time here. I’m almost retired so I can afford to waste time. It’s either that or playing bingo at the community center at St George, Utah.

You should consider moving there with me. We can meet up with EconProf for a daily full contact bingo tournament and talk about how shitty california is. Then you won’t feel like housing is unaffordable. You could even work remotely and continue to enjoy your CA salary in a st. George , Utah cost of living.

oh wait , you don’t think workers should be allowed to work remotely, and predicted that would end and if true, after you moved there, youd be ask to report to office or get fired….. Oh snap…

[Coronita]

[quote=deadzone]Ban me, I don’t care. That way your small of cadre of remaining members can continue their circle jerk in peace. This forum is useless at this point, only a shell of what it was in the 2000s. I try to provide some entertainment and opposing views but it is utterly boring when there are no bearish opinions here except mine, which is amazing since at this very moment in history there are many strong signals that an epic bear market is in the future.[/quote]

No no no… Don’t go ,please. We need you here dz.. We need you to stay. We need you to come here when the stock market is tanking and post about how right you are going to be so the markets have much better odds of reversing that day. ..uber bearish opinions are always welcome!!! In fact, I strongly encourage them!!!

[flyer]

dz, I have to say I understand your views, and, although I don’t agree, whatever happens, I wish you the best. What’s really hilarious about all of our efforts, is, that, in the end, no one on earth “wins” in the game of mortality, but in the meantime, it’s just nice to live the life you want to live along the way, and properly managing your finances (including real estate) is a way of doing that.

[sdrealtor]

So funny. I think RE is high and not going up anytime soon with a good chance of going down. What it does is not a concern it’s just of interest. I can earn a living in an up or even better in a down market. My personal holdings are not for sale nor will they be lifetime. Where they go is entertainment value only for me.

I’ve done this long enough and studied it in such depth locally that I know down is not a sure thing. That’s why i track and post weekly market updates. What i think has no impact on what happens. I watch and let the market tell me what’s happening.

[Rich Toscano]

[quote=deadzone]That way your small of cadre of remaining members can continue their circle jerk in peace.[/quote]

Now that’s the kind of intellectually rigorous commentary I’m looking for.

[Coronita]

Back to the original subject of the condo.

I’m looking at the inventory right now in 92126 condos, and it definitely seems like there’s more inventory. However, I don’t think the inventory is that great, and what people are asking for is sort of unreasonable…. it’s almost as if people are just throwing a big number out there to see if it will bite.

For example, this 2+1/2 condo… $825k? Really absurd.

https://www.redfin.com/CA/San-Diego/7330-Calle-Cristobal-92126/unit-88/home/4559369

This is absurd.

When I was trying to buy condos in 92126 earlier this year, I was consistently getting beaten by people who were taking out loans and paying a lot more by people who were buying their first home to live in. They were willing to stretch and offer like 5-10% above asking and why I backed out because I didn’t feel comfortable with them as a rental. Couldn’t compete against very motivated first time home buyers or people relocating.

[JPJones]

[quote=deadzone][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. [/quote]

Man, it’s like you don’t actually read what people here write and are just here to pick fights.

[Author]

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