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I hear that the price of Dutch tulips is way up also.

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One of my children bought their first house a few months ago. They had a lot of the same concerns and worries you have…including that they didn’t want to get priced out.

I have no crystal ball so I couldn’t give them definitive buy or don’t buy advice, but I did point out what history tells us.

The worst-case scenario is that you buy, the housing market tanks, and you lose your job. In this case, you could be under water and trapped in a house that is worth less than you owe and you aren’t able to make the mortgage payment. To protect against this, my position is that:
a) you buy a home you could be happy to live in for 10 years as that is how long the worst of the worst economy tanks lasted
b) you have emergency cash you could access somewhere should you lose your job during a period when you can’t sell your house. That could be a 401K, a relative, something that could tide you over 6 months to a year.

If you have a and b covered and considering that the worst case probably won’t happen, you’re good to go.

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[quote=svelte]Funny, just 30 seconds ago I was reading about cliff coming in car prices in late 2022…

https://www.autoblog.com/2021/12/22/used-car-price-drop-coming-2022/
[/quote]

Update: saw the results of a recent study that says the new car chip shortage isn’t going away any time soon.
Here is the latest prediction in production shortfalls due to lack of chips:
2021: 10M
2022: 8M
2023: 4M
2024: 1M
Return to normal in 2025.

If that is true, they there will not be a cliff in car prices in 2022!

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[quote=scaredyclassic]For 2022, spring for real therapy.

I’m seeing 2 therapists…actually helping me. (Marriage and solo). Should’ve done this years ago.[/quote]

Good for you. I’ve gotten in mental quagmires from time to time and worked them out on my own. Probably not a good thing…I’ve had friends who sought help and that is probably the better course.

I’ve been reading a lot about the traits of highly intelligent people. One of them is that they tend to overanalyze things and that leads to mental traps. Let an impartial third party help you avoid those.

Addendum: Vitamin B3. Since I’ve started taking that, I think it has helped me avoid mental traps. We’ve had several very serious situations happen lately that would ordinarily sent me into a tailspin and that hasn’t happened. I think that is because of the B3. Look into it. You owe it to yourself.

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[quote=scaredyclassic]I’ve seen some middle aged lawyers just kind of implode from mental issues.

I actually feel more able to keep working. I was in a bit of an emotional tailspin.[/quote]

I can imagine. My best friend growing up had set a course on being a lawyer. Laid the foundation since middle school. Got into Berkeley and drowned at Stinson Beach in Marin County his sophomore year. Man that woke me up.

Because of him I’ve often thought about being a lawyer but am glad I never did because I think the stress would kill me. I really do.

Back to my friend. Don’t coddle your children. Let them stub their toe early in life. I’m convinced he was too sheltered at home and when he broke free from his parents he ran amok.

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[quote=sdrealtor]This post reminds me of what my friends and I referred to as the due factor when we were betting on football. A team that lost or won a few in a row was over due to do the opposite. We all lost a lot of money betting on the due factor[/quote]

Now that I see it in writing, you are right!

This time is different! Things will go up in value forever! In fact, the rate of increase will go up forever!

I’ll see you all on the moon!

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Funny, just 30 seconds ago I was reading about cliff coming in car prices in late 2022…

https://www.autoblog.com/2021/12/22/used-car-price-drop-coming-2022/

Also read today that 70 percent of analysts expect a stock market correction in the next six months.

https://www.bankrate.com/investing/market-mavens-survey-stock-market-correction-december-2021/

You may be on to something.

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[quote=Escoguy]Or so Zillow forecasts for next year, national appreciation rate.
Kind of makes you wonder if they should have held on.

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It does make one wonder if Zillow knows anything at all. They have access to mountains of data, but can they draw any better conclusions than the rest of us? If they were predicting 11% higher prices, then why did they bail on so many homes this year as you allude to?

Remember a few years back when the press was telling us the younger generations were perfectly happy with downtown condos and therefore suburbia was going to deteriorate? I didn’t believe it then and it sure appears that as I thought – as soon as they start having kids, they want their nest with a yard. And that’s exactly what I’m seeing happen all over California. At least in the families I have insight into.

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[quote=scaredyclassic]Hiking in red rock area is not just very good it is outstanding. Spectacular even. Expensive to enter, very worth it.[/quote]

It costs now? Guess I haven’t been there in a while! There is also a nice ranch on the trip out there where you can wander amongst the burrows. At least there used to be.

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Meow Wolf not Meowolf. Will include it on my next Vegas trip.

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Why does anyone think this is a good deal?

The fixed rate is zero and remains that way for the life of the bond.

Therefore, the rate of the bond is twice the semi-annual inflation rate, ie it is the rate of inflation. And that is calculated twice a year.

In other words, your money is just staying pace with the rate of inflation!

You’re not making money – you’re just breaking even!

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yep, this was proven a couple of years back when a realtor entered an extra zero in the asking price of a home.

I believe it was Zestimate confirmed the faulty value was fair price for the home and the value history graph showed the sky high valuation over past time periods.

Phony, phony, phony.

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I certainly feel bad for all other married couples.

For decades, I had a mate who would turns heads anywhere we went. Yet I knew I didn’t have to worry. I just enjoyed the attention.

As the years pass they’ve settled on our faces and bodies. We are no longer the prize of the party, yet I love her every bit as much as I did before.

This woman knows no limit. She has told me I have free reign. Do what I want when I want. And I have. In the past. I’m bored of doing that now and she knew that would happen. She knew there was nothing better out there and she was right. Kind of like a Yoko Ono in that respect.

I can say I want to do the wackiest thing and she’ll say OK let’s go. She knows I’ll do her no harm. She totally trusts me and I totally trust her. That is a rare thing. Witness the divorce rate.

If she passes before me, I’ll be a bachelor forever. She’s raised the bar impossibly high.

I shake my head at her past boyfriends and their idiotic act of letting her go.

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[quote=The-Shoveler][quote=Coronita]I sold AMD too early. $140/share now… Damnit.[/quote]

It’s easy to have sellers remorse for just about any asset this year.

Crazy distorted markets IMO but what do I know.[/quote]

And the meek shall inherit the earth

– “2112”, Rush

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