I know you all are very smart. All this talk about bubble bust etc.
Forget the talking. What are you going to do and when are you going to do it to make money? I guess those who missed out the bubble opportunities weren't smart (or lucky) enough. Will you be this time around ?
I though I rencently saw a 3000+ sqf 5 bedroom home in Houston for $150K, if you want to compare.
And what about the story of houses in Jacksonville Florida that goes for $330 with $130K rebate after closing ?
I used to hear: There is no bubble ... absolutely no bubble ... it will only be a soft landing ... it will flatten out for a while and pick up again ..."
Now I am beginning to hear: 2008 will be the year, 2009 will go way up ... etc.
Comments ?
This is it guys. Bear market is here. It's gonna rise back slowly, to form a lower double top (2 month maybe), and then down from there until a new president comes in.
But for immediate term, tomorrow Thursday is a down day.
Cummulative 1% per trading day ? How much would that come out to in a year's time in terms of percentage ?
This gives me idea about selling on Ebay. If I could make 1 percent each day, and roll all capital into building it up to expand ... it's better than buying selling stock.
For years, San Diego used to be very cheap compared to SF Bay Area. Maybe 1/2 the price. All of a sudden, it became the most expensive in the nation. Should tell ya things are out of whack in SD.
What is the chance of this happenning again ? How hard did home prices drop from the high's ? What are the differences between now and then ?
What happened to the stock market at the point ?
TV in SF Bay Area was showing today that 1 million dollar condos are being built in Down Town of Walnut Creek, California. 40 percent of them have been sold. Strange that it's still hot there.