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you called the top by saying it was going to rain everyday for years . when it finally rains years later that is not predicting a thing .
in the mean time what was given up by no action or following your "predicting " for years would have been awful advice .
you called the top by saying it was going to rain everyday for years . when it finally rains years later that is not predicting a thing .
in the mean time what was given up by no action or following your "predicting " for years would have been awful advice .
Why are you being dishonest? I called the exact top based on what I've been saying since 2015. Do you not remember the weeks leading up to this? I asked you numerous times where the $2T of liquidity was going to come from.
And then I called the top based on EXACTLY this. What is you problem? Please, just stop. This is getting pathetic on your part.
DUDE ! i never attacked you , ever . calling out facts or asking for proof of eating what you say you killed is not a personal attack . that is why you are having so many issues with different posters here . you keep accusing posters of not liking you or attacking you .
they are doing nothing but challenging your actions or challenging the things you state .
DUDE ! i never attacked you , ever . calling out facts or asking for proof of eating what you say you killed is not a personal attack . that is why you are having so many issues with different posters here . you keep accusing posters of not liking you or attacking you .
they are doing nothing but challenging your actions or challenging the things you state .
You're making things up about me. That is a personal attack. How is it not?
Can we go back to topic on hand? Is there a relationship between real estate and stock market? A general trend, of course the real estate in NYC will be very different from real estate in flyover country The location determines magnitude of change but the trend of going up or down should be same. Am I correct in this?
I only have knowledge from 2008 recession. I was too young to pay attention to economy prior to that. To me, someone with very little economical knowledge, it seems like Stock is down first due to a bug in our economy. That bug next effects corporation which impacts jobs, which leads to people not being able to afford them home & leads to mass selling & price reduction. It is a long process but the relationship is there.
so if this stock trend contentious, the corporate effect/job loss won't appear until next year maybe. Because the plans are already set for this year, the money has already been allocated for this year. So the impact will be next year & then most people can survive job loss for 6 month to a year on average before they take drastic measurements of selling off house/downsizing etc. Even if they stop paying mortgage, the foreclosure doesn't happen for 3 years.
the answer is real estate is to localized to have a general link to either rates or markets. some areas may be effected more and some less . what makes real estate move is so so many factors .
Leverage. Consumer credit is at all time highs. Consumer savings rate is low. Interest rates are rising. Gas prices are rising.
Housing in general is expensive. Retail will likely blow up soon. So you have landlords that will be forced to liquidate because no one can afford to rent and they bought near the peak of the market.
It's a cascading affect. It ruins everything.
Fair arguments.
And yes...I am new to the economics forum - was mostly into the city forums.
*I agree that consumer credit is at all time highs and savings rates are low - harbingers of bad times to come for sure.
Interest rates rising are not a good sign either, but necessary to ward off the flame of inflation.
Housing is on the up and up - look at the case shiller index overall and composite.
Prices are very high - and especially in some local markets like Boston, NYC, Portland, Seattle, San Jose, etc.
* Having said all of that, we have tax cuts for corporations and there should be some stock by backs and some hiring.
We have great earnings from companies.
Wage growth is up for the first time in a long time...
Equity markets are getting pummeled and bonds returns are deciding what to do also
A very confusing time for a first time home buyer like me - hard to make sense of the macroeconomics and housing prices at this time - I think I am going to wait it out for another year or two.
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The location determines magnitude of change but the trend of going up or down should be same. Am I correct in this?
