[quote=sdgrrl] I remember real estate agents saying Rich and us were clueless. Pretty sure they lost their shirts.
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I remember George Chamberlin (money “expert” on local media) insisting over and over again that there wasn’t a bubble and that prices couldn’t and wouldn’t fall. I remember the contortions of logic he used to support his theories. Then, after the bubble popped, he blamed it on the media. Seriously, he blamed the drop in home prices on media coverage.
Your statement added nothing meaningful to the thread. It was a jab at the current president and had nothing to do with what occurred leading up to the pop.
Came to this site in 2007. While I also predicted a crash during the run-up, I made an arbitrary valuation judgement that when SFH in Mira Mesa got below $400k, it was time to buy. We had an agent, went on a couple showings. Thankfully, I tried to find some data to backup my assumptions, this site gave me everything I needed, and put on the brakes. We waited until Fall 2008, though prices were still dropping, they were within historical norms and it was a good time for us. 5 years later, we were able to sell with a good profit -> down payment to our forever home.
[quote=sdgrrl]Your statement added nothing meaningful to the thread. It was a jab at the current president and had nothing to do with what occurred leading up to the pop.[/quote]
I never mentioned the current president. That only happened in your mind.
My statement was based on the observation that human nature does not change.
These economic events are much bigger than one person.
Enjoy your time reading internet posts from ten years ago.
There was a Vegas developer who blamed the press. He took out full page ads to blame the press. Needless to say, but I’ll say it anyway, he went bankrupt.
