stock market is the perfect example of why housing is always a safer bet

greeneveryday · Mar 19, 2020

Housing never crashes like stock market....People will pile into housing market soon , now that they realize how vulnerable stocks are . All in real estate guys

d08 · Mar 19, 2020

Spotted the below 25 year old. Real estate in some European countries lost 50% in a year during 2008-09. The numbers weren't far off in US.

greeneveryday · Mar 19, 2020

d08 said:
Spotted the below 25 year old. Real estate in some European countries lost 50% in a year during 2008-09. The numbers weren't far off in US.

This is USA....Housing 2008-2009 crash was the last one we ever had. We have no inventory in California here...Nada......a house pops up and gets sold same day with CASH OFFER. It is that hot.

Nobert · Mar 19, 2020

greeneveryday said:
Housing never crashes like stock market....People will pile into housing market soon , now that they realize how vulnerable stocks are . All in real estate guys

When it was the last time that you made money in stock market ?

d08 · Mar 19, 2020

greeneveryday said:
This is USA....Housing 2008-2009 crash was the last one we ever had. We have no inventory in California here...Nada......a house pops up and gets sold same day with CASH OFFER. It is that hot.

Just like it was in 2007 when everything was pre-sold. Until they couldn't sell anything. California is riding on the tech boom but as shares come down, so will incomes and thus, RE.

gkishot · Mar 19, 2020

greeneveryday said:
This is USA....Housing 2008-2009 crash was the last one we ever had. We have no inventory in California here...Nada......a house pops up and gets sold same day with CASH OFFER. It is that hot.

What happens if the unemployment rises?

greeneveryday · Mar 19, 2020

California is the place where most people want to relocate/live at. So it doesn't matter if unemployment rate is high. People pay houses here by cash. There are no mortgages inChinese buyers...just FYI

gkishot · Mar 19, 2020

greeneveryday said:
California is the place where most people want to relocate/live at. So it doesn't matter if unemployment rate is high. People pay houses here by cash. There are no mortgages inChinese buyers...just FYI

People have cash? That means the stock market will be back up.

d08 · Mar 19, 2020

greeneveryday said:
California is the place where most people want to relocate/live at. So it doesn't matter if unemployment rate is high. People pay houses here by cash. There are no mortgages inChinese buyers...just FYI

This is now. Equity market is months ahead of the real economy. You'll see prices drop in everything in the next months.

southall · Mar 19, 2020

greeneveryday said:
Housing never crashes like stock market....People will pile into housing market soon , now that they realize how vulnerable stocks are . All in real estate guys

Last time they cut interest rate to zero to save the Housing markets around the world

What are they going to do this time. And prices are even higher now.