Do we have a rough ride coming up soon???

[simonbart]

Rumors of bank runs…..
Funds calapsing around the globe…
Real estate crashing…
Unemployment rising…
Massive government deficit increasing…

Is this what our grandparents saw before their world fell apart at the start of the great depression.

(please forgive any spelling mistakes)

[Arraya]

The key is not to worry about it. If you clap you hands together 3 times and think of puppy dogs and ice cream everything will be ok….

[Arraya]

The key is not to worry about it. If you clap you hands together 3 times and think of puppy dogs and ice cream everything will be ok….

[Arraya]

The key is not to worry about it. If you clap you hands together 3 times and think of puppy dogs and ice cream everything will be ok….

[patientrenter]

simonbart, Is the world coming apart? Is the great depression going to repeat?

There’s a chance of that. But think about the big picture first. I think there are 5 billion people on this planet who want to do better. At least 3 billion of them are hell-bent on doing better real soon. Are they going to let some financial problem in one (big) asset type in California and Florida destroy their dreams for the next 10 years?

Honestly, what do you think?

Not everyone on this planet is 500% invested in an overpriced California stucco box.

Patient renter in OC

[patientrenter]

simonbart, Is the world coming apart? Is the great depression going to repeat?

There’s a chance of that. But think about the big picture first. I think there are 5 billion people on this planet who want to do better. At least 3 billion of them are hell-bent on doing better real soon. Are they going to let some financial problem in one (big) asset type in California and Florida destroy their dreams for the next 10 years?

Honestly, what do you think?

Not everyone on this planet is 500% invested in an overpriced California stucco box.

Patient renter in OC

[patientrenter]

simonbart, Is the world coming apart? Is the great depression going to repeat?

There’s a chance of that. But think about the big picture first. I think there are 5 billion people on this planet who want to do better. At least 3 billion of them are hell-bent on doing better real soon. Are they going to let some financial problem in one (big) asset type in California and Florida destroy their dreams for the next 10 years?

Honestly, what do you think?

Not everyone on this planet is 500% invested in an overpriced California stucco box.

Patient renter in OC

[simonbart]

Thanks…….
Sometimes I think my tin foil hat gets too tight.

[simonbart]

Thanks…….
Sometimes I think my tin foil hat gets too tight.

[simonbart]

Thanks…….
Sometimes I think my tin foil hat gets too tight.

[bsrsharma]

It will definitely be a rough ride. I don’t expect a 1929 like depression, but a severe recession. Comparable to 1982 rather than 1991.

[bsrsharma]

It will definitely be a rough ride. I don’t expect a 1929 like depression, but a severe recession. Comparable to 1982 rather than 1991.

[bsrsharma]

It will definitely be a rough ride. I don’t expect a 1929 like depression, but a severe recession. Comparable to 1982 rather than 1991.

[kewp]

There are some comparisons to be made, for sure, but I think there is just enough difference to keep us from having a repeat of the dustbowl and hoover-villes.

Primarily, that due to technology/communication (this blog is a great example) the mania/meltdown has been muted somewhat. I think the prime mover of Depression 1.0 was that things bubbled up to a greater critical mass before imploding. Plus, there was a huge stock market bubble built entirely on froth. RE should retain some fundamental value (or at least, I hope it does!).

Secondly, again due to technology, we enjoy a much higher quality of life in general than our fore-fathers did. So even if we have to do without the bling-bling, nobody is going to starve. Heck, we could use a nationwide diet anyway.

Finally, due to all the overbuilding, we’ll have plenty of shelter for all the unemployed human RE detritus. The government could probably buy up all of Temecula for 10 cents on the dollar after the market collapses and turn it into a giant work camp.

We could store former agents/brokers 4-5 to a room and have them make sneakers to sell to the future spoiled Chinese teenagers!

[kewp]

There are some comparisons to be made, for sure, but I think there is just enough difference to keep us from having a repeat of the dustbowl and hoover-villes.

Primarily, that due to technology/communication (this blog is a great example) the mania/meltdown has been muted somewhat. I think the prime mover of Depression 1.0 was that things bubbled up to a greater critical mass before imploding. Plus, there was a huge stock market bubble built entirely on froth. RE should retain some fundamental value (or at least, I hope it does!).

Secondly, again due to technology, we enjoy a much higher quality of life in general than our fore-fathers did. So even if we have to do without the bling-bling, nobody is going to starve. Heck, we could use a nationwide diet anyway.

Finally, due to all the overbuilding, we’ll have plenty of shelter for all the unemployed human RE detritus. The government could probably buy up all of Temecula for 10 cents on the dollar after the market collapses and turn it into a giant work camp.

We could store former agents/brokers 4-5 to a room and have them make sneakers to sell to the future spoiled Chinese teenagers!

[Author]

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