Is anyone else hoping for another recession?

[AngusHsu]

Originally Posted by The b8nk

I know I am. I have some cash and want to make some moves but am thinking of waiting for those rates to rise. I made some money buying low last recession and cant wait to do it again.

Yes, I made a lot off real estate by buying in 2009. Now waiting for the stock market to correct and then buy in.

In recessions, winners win large and losers lose large.

[jimhcom]

Originally Posted by The b8nk

I know I am. I have some cash and want to make some moves but am thinking of waiting for those rates to rise. I made some money buying low last recession and cant wait to do it again.

I do not hope for recessions, but I have witnessed enough time go by to realize they are part of an economic cycle and serve a purpose to regulate debt and unreasonable asset appreciation.

Those who can recognize the stages in an economic cycle can if they have the courage to act on their observations, profit from their insight. But it is not easy to go against the tide of popular opinion. Everyone and their brother will tell you are wrong and a fool and that no one can time market cycles. What you have to understand is it is the very fact that you are out of step with the popular viewpoint that allows you to profit, so do not expect to be both popular and rich.

[mayorofnyc]

Overpriced homes benefited no one except the 1% who had the cash to flip homes like pancakes.

Low interest rates benefit people who just can't say to no to debt.

How is this supposed to be a winning combination??

If the average price of a house fell to $50,000....sure some people would get screwed on so-called home value (even though real estate was never designed to be an investment, but that's another topic), however a lot more people would be able to afford a home and even save up the cash to do so (especially if interest rates are high).

[mysticaltyger]

Originally Posted by The b8nk

I know I am. I have some cash and want to make some moves but am thinking of waiting for those rates to rise. I made some money buying low last recession and cant wait to do it again.

H*ll no!