Please comment!!!

[4plexowner]

I like Richard Russell’s philosophy:

In a bear market everyone loses. The winner is the guy that loses the least.

~

Another quip I came across recently:

Q: Aren’t there still new millionaires created during a recession/depression?

A: Yes. Typically they start as multi-millionaires.

[patientrenter]

SDR and others, perhaps you are very young, but I and many others have lived through much more difficult economic times than the mini-recessions of 2001 or the early 1990’s. The world did not come to an end, despite asset prices being only a small % of what they are today, even after adjusting for income growth since then.

Yes, if we have a severe recession, some hoped-for outcomes will not come true, but many good things will happen too, and those who act opportunistically will do well in 10 or 20 years time, maybe sooner if they are lucky.

Patient renter in OC

[patientrenter]

SDR and others, perhaps you are very young, but I and many others have lived through much more difficult economic times than the mini-recessions of 2001 or the early 1990’s. The world did not come to an end, despite asset prices being only a small % of what they are today, even after adjusting for income growth since then.

Yes, if we have a severe recession, some hoped-for outcomes will not come true, but many good things will happen too, and those who act opportunistically will do well in 10 or 20 years time, maybe sooner if they are lucky.

Patient renter in OC

[patientrenter]

SDR and others, perhaps you are very young, but I and many others have lived through much more difficult economic times than the mini-recessions of 2001 or the early 1990’s. The world did not come to an end, despite asset prices being only a small % of what they are today, even after adjusting for income growth since then.

Yes, if we have a severe recession, some hoped-for outcomes will not come true, but many good things will happen too, and those who act opportunistically will do well in 10 or 20 years time, maybe sooner if they are lucky.

Patient renter in OC

[patientrenter]

SDR and others, perhaps you are very young, but I and many others have lived through much more difficult economic times than the mini-recessions of 2001 or the early 1990’s. The world did not come to an end, despite asset prices being only a small % of what they are today, even after adjusting for income growth since then.

Yes, if we have a severe recession, some hoped-for outcomes will not come true, but many good things will happen too, and those who act opportunistically will do well in 10 or 20 years time, maybe sooner if they are lucky.

Patient renter in OC

[patientrenter]

SDR and others, perhaps you are very young, but I and many others have lived through much more difficult economic times than the mini-recessions of 2001 or the early 1990’s. The world did not come to an end, despite asset prices being only a small % of what they are today, even after adjusting for income growth since then.

Yes, if we have a severe recession, some hoped-for outcomes will not come true, but many good things will happen too, and those who act opportunistically will do well in 10 or 20 years time, maybe sooner if they are lucky.

Patient renter in OC

[SD Realtor]

Patient renter I agree with you… don’t get me wrong at all. I am older then I wish I was and have been through the 70’s and everything since then…

I would absolutely agree that the article referenced in the original post is pretty much a sky is falling outlook wouldn’t you? Like I said, I am very much in favor of whatever needs to happen in order to restore financial levity… I just don’t want catastrophe.

SD Realtor

[SD Realtor]

Patient renter I agree with you… don’t get me wrong at all. I am older then I wish I was and have been through the 70’s and everything since then…

I would absolutely agree that the article referenced in the original post is pretty much a sky is falling outlook wouldn’t you? Like I said, I am very much in favor of whatever needs to happen in order to restore financial levity… I just don’t want catastrophe.

SD Realtor

[SD Realtor]

Patient renter I agree with you… don’t get me wrong at all. I am older then I wish I was and have been through the 70’s and everything since then…

I would absolutely agree that the article referenced in the original post is pretty much a sky is falling outlook wouldn’t you? Like I said, I am very much in favor of whatever needs to happen in order to restore financial levity… I just don’t want catastrophe.

SD Realtor

[SD Realtor]

Patient renter I agree with you… don’t get me wrong at all. I am older then I wish I was and have been through the 70’s and everything since then…

I would absolutely agree that the article referenced in the original post is pretty much a sky is falling outlook wouldn’t you? Like I said, I am very much in favor of whatever needs to happen in order to restore financial levity… I just don’t want catastrophe.

SD Realtor

[SD Realtor]

Patient renter I agree with you… don’t get me wrong at all. I am older then I wish I was and have been through the 70’s and everything since then…

I would absolutely agree that the article referenced in the original post is pretty much a sky is falling outlook wouldn’t you? Like I said, I am very much in favor of whatever needs to happen in order to restore financial levity… I just don’t want catastrophe.

SD Realtor

[patientrenter]

SDR, I confess I didn’t read the originally referenced, apparently apocalyptic, article. But I have read the Nouriel Roubini article describing the economic bogeyman the Fed is afraid of.

I think we are a very, very long way from Nouriel’s (hypothetical) scenario. We’re doing way, way better than 1974-1981, and that’s way better than the Nouriel Roubini lights-out scenario. We can have a 50-60% drop in real estate and stock prices, and still not be close to the Roubini scenario. I think we could really use a 50-60% drop in most asset prices, and we’d be doing well 10 years from now if that asset price deflation was allowed to happen quickly, with casualties.

Patient renter in OC

[patientrenter]

SDR, I confess I didn’t read the originally referenced, apparently apocalyptic, article. But I have read the Nouriel Roubini article describing the economic bogeyman the Fed is afraid of.

I think we are a very, very long way from Nouriel’s (hypothetical) scenario. We’re doing way, way better than 1974-1981, and that’s way better than the Nouriel Roubini lights-out scenario. We can have a 50-60% drop in real estate and stock prices, and still not be close to the Roubini scenario. I think we could really use a 50-60% drop in most asset prices, and we’d be doing well 10 years from now if that asset price deflation was allowed to happen quickly, with casualties.

Patient renter in OC

[patientrenter]

SDR, I confess I didn’t read the originally referenced, apparently apocalyptic, article. But I have read the Nouriel Roubini article describing the economic bogeyman the Fed is afraid of.

I think we are a very, very long way from Nouriel’s (hypothetical) scenario. We’re doing way, way better than 1974-1981, and that’s way better than the Nouriel Roubini lights-out scenario. We can have a 50-60% drop in real estate and stock prices, and still not be close to the Roubini scenario. I think we could really use a 50-60% drop in most asset prices, and we’d be doing well 10 years from now if that asset price deflation was allowed to happen quickly, with casualties.

Patient renter in OC

[patientrenter]

SDR, I confess I didn’t read the originally referenced, apparently apocalyptic, article. But I have read the Nouriel Roubini article describing the economic bogeyman the Fed is afraid of.

I think we are a very, very long way from Nouriel’s (hypothetical) scenario. We’re doing way, way better than 1974-1981, and that’s way better than the Nouriel Roubini lights-out scenario. We can have a 50-60% drop in real estate and stock prices, and still not be close to the Roubini scenario. I think we could really use a 50-60% drop in most asset prices, and we’d be doing well 10 years from now if that asset price deflation was allowed to happen quickly, with casualties.

Patient renter in OC

[Author]

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