Right.
Sell in May and cry in hell.
I always laugh at people(in my mind) who are so sure & forecast things. If that person is so smart he/she would be retired at 30 with 10s of millions $s in bank.
The stock market has too much drama for meā¦Investors love to compare RE and stocksā¦but they are fundamentally different. .That is why I have never been a fan of Shiller. .a stock guru who thinks he knows REā¦But lives in New Haven in a house that will never appreciate more than inflation. ā¦and has never invested in RE in a high appreciation area like PAā¦Doesnāt understand the only thing that matters in REā¦location location locationā¦
Forecasters like Senseamp dont bother me, when they say RE is going downā¦but then they need to pick an alternative. ā¦like if he said buy gold in March I would have more respect. ā¦Btw, we just hit an alltime high in stocksā¦But bonds and RE have done much better since 1981ā¦And stocks are down on an inflation adjusted basis since 2000ā¦
Iāve yet to see a real estate bear that didnāt start out as a would-be buyer. Once they realize they are priced out of areas they think they deserve, then the market is a bubble and ready to crash. That way they can afford the house they deserve. Itās pretty clear they are reacting emotionally to things which isnāt a great basis.
Bears are frustrated in this marketā¦Desperate to find the the grim news of a downturn, in the face of a tsunami of bullish newsā¦http://www.inman.com/2016/06/22/nar-existing-home-sales-grow-at-highest-pace-in-9-years/
Senseamp bearishness blinded him to the opportunity of buying gold while so concerned about stocks and RE going downā¦Buying gold is always a good bearish playā¦he missed out. ā¦The other good bearish play is buying gun stocksā¦like Ruger or Smith and Wesson
Seems like a good article which shows how government contributes to low supply of starter homes:
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This one seems like a better article:
Never under estimate the stupidity of governmentā¦Suspend zoning rules for three years and the housing crisis will end
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It meansā¦beef is whatās for dinnerā¦
I, me, spoke once and said that those not confident in the housing market, those who need to see a clean sky so they can start building houses by the hundreds are always late for the task of building. It is always that way, and I believe now, some investors may be afraid of getting into the fight because of the price to build a house is going too high. Maybe, I say, maybe, they may feel compelled to wait for anther crash, and doing so, starting the same game again and again.
Not my field, but if I were you, I would be happy with whatever is going on, restrictions or no restrictions, you are making a buck, right? Thatās what matters.