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Old 03-18-2014, 07:58 AM
 
Location: Heartland Florida
9,324 posts, read 26,749,371 times
Reputation: 5038

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Some interesting thoughts from someone who predicted the last collapse.
Real Estate Bubble 2.0 - Mike Maloney - YouTube
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Old 03-18-2014, 02:05 PM
 
2,987 posts, read 10,135,910 times
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Well...the issue isn't if Miami is worth it...there are a ton of places where the COL and housing far outpaces salaries. I think Miami will always be a destination city similar to LA, NYC, etc. So, there will always be bubble and bust cycles...but they won't ever bring Miami back to the levels it saw before the bubble in the early 2000s. Just modest corrections IMO. It's simple supply vs. demand...and there are tons of people willing to take minimal salaries and struggle to live here...so there is pressure from every sector creating demand.
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Old 03-19-2014, 08:44 AM
 
Location: Heartland Florida
9,324 posts, read 26,749,371 times
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Keiser Report: Mortgage Slaves (E576) - YouTube The only demand in Miami is from billions printed by the Fed and flooding the world.
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Old 03-19-2014, 09:24 AM
 
11,177 posts, read 16,018,972 times
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Quote:
Originally Posted by tallrick View Post
The only demand in Miami is from billions printed by the Fed and flooding the world.
Tell us again, oh wise one, when we're going to have that hyperinflation and 20% interest rates that you predicted for us oh so many years ago. I believe that you first made that prediction in 2009 and the hyperinflation was supposed to occur in 2010, right? And then 2011? (etc., etc., etc.)

Speaking of 2011...Here's one of your posts from August of that year:

Quote:
Originally Posted by tallrick View Post
Wages are low, rents are way too high. Miami has a long way for real estate to fall before it hits reality. Remember, high inflation kills rental rates. People have no money left after food, gas, insurance etc.
So, just as Miami real estate was bottoming and getting ready to take off, you predict that it is going to go in the opposite direction and warn people not to buy. Nostradamus you ain't, lol.

BTW, wouldn't it make sense for you to actually be right just once in your lifetime before you make any additional LOL predictions?
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Old 03-19-2014, 10:39 AM
 
Location: Seattle, WA
2,975 posts, read 4,940,440 times
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Well in defense of tallrick, when there is an asset or investment boom, the time when prices are going up and everybody is excited and buying like crazy is generally the WORSE time to jump on the bandwagon. IMHO, 2-3 years ago was the best time to buy in the current cycle.
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Old 03-19-2014, 03:40 PM
 
Location: Heartland Florida
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Funny, I have been right for over two decades in my hurricane predictions. Just because the Fed's pumping does not make it a real market.
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Old 03-23-2014, 07:12 PM
 
11,177 posts, read 16,018,972 times
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Quote:
Originally Posted by hurricaneMan1992 View Post
Well in defense of tallrick, when there is an asset or investment boom, the time when prices are going up and everybody is excited and buying like crazy is generally the WORSE time to jump on the bandwagon. IMHO, 2-3 years ago was the best time to buy in the current cycle.
How is that a defense of his position? Prices weren't going up and there was no excitement in the real estate market. In fact, it had just about hit rock bottom. That is exactly when he was warning people not to buy and saying that Miami real estate was going to suffer a further significant decline. He couldn't have been more wrong if he tried. In fact, if you did the exact opposite of everything Tallrick has been espousing for the last 4-5 years you would probably be independently wealthy, lol.
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Old 03-25-2014, 01:45 PM
 
Location: Heartland Florida
9,324 posts, read 26,749,371 times
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Just wait, if you live long enough this latest bubble is going to be only a memory. The Fed is the cause, plain and simple. And with China dealing with bad debts their economic issues may cause the next global economic crisis. People do not realize that if the US dollar crashes foreigners will flee from the violence that will result. Unless the bubble stops inflating, the dollar is toast.
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Old 03-25-2014, 02:15 PM
 
Location: America
6,993 posts, read 17,365,632 times
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Quote:
Originally Posted by MadManofBethesda View Post
How is that a defense of his position? Prices weren't going up and there was no excitement in the real estate market. In fact, it had just about hit rock bottom. That is exactly when he was warning people not to buy and saying that Miami real estate was going to suffer a further significant decline. He couldn't have been more wrong if he tried. In fact, if you did the exact opposite of everything Tallrick has been espousing for the last 4-5 years you would probably be independently wealthy, lol.
What is "rock bottom"? What are you using to gauge what that price is?
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Old 01-18-2016, 07:59 AM
 
Location: Heartland Florida
9,324 posts, read 26,749,371 times
Reputation: 5038
The economy has been stagnating lately, I have been told that properties are not moving on the market as fast as before. Is 2015 going to be the top of the bubble or the beginning of the collapse? Last year ended weak and there is a home near my mom's place that has been for sale over 6 months. Another overpriced property owned by an "LLC' which is actually Canadian money sold 50K below asking price after sitting on the market for months. Maybe the Brickell bubble is still inflating but I am seeing other areas starting to deflate.
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