.
I notice one thing. The next bottom is at about the same as the previous peak. Doesn’t look good, is a long way to drop.
Do the source has similar chart for SV and Austin?
Have not seen one but would be easy to make one (at least nominal prices, a bit harder to plot real). CAR has really good data on their website for California zip codes and regions.
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Yet another doomsday caller.
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I saw that too. It slowed months ago based on changes in Lowe’s and Home Depot delivery times. Their earnings have been good though, so maybe it’s more of a RH issue.
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Start looking when many realtors quit 
People are significantly underweight equities. Once a rally starts, it will catch fire. People will get FOMO and reallocate capital.
“Once considered a niche asset, cryptocurrency has now entered the mainstream. A study from the CFA Institute earlier this year showed that 94% of state and government pension plans have invested in cryptocurrencies.”
That’s going to be a HUGE problem. Pension funds are already severely underfunded.
WTF were they doing. It was an obvious ponzi scheme. Some heads need to roll…
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Pension funds are HORRIBLY managed. They’re really just a way for trustees to get kickbacks from fund managers.
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In the Bank of America survey, 28% of younger people said real estate presents great growth potential. And 31% of the older group held the same opinion.
Obviously @wuqijun and @Jil are not part of the 28% nor 31%. IMHO, RE is a must-have asset for diversification.
Wonder what kind of RE are these young rich millennials investing in. I hope they have S&P and a Primary as foundational asset.
Btw, I don’t any crypto or PE.
Didn’t Buffet say diversification is for dummies? Don’t be a dummy.
That is for those intelligent investor diversification is not good. He does deep fundamentals, trades intelligently every quarters some stocks based on his criteria to accumulate wealth.
Most of the common investors, he suggested keep buying SPY.
So you are saying most people are dummies. Yes, they should diversify in that case.
If investors unable to beat S&P consistently, they can assume they are dummies.
For those investors, better to DCA/buy SPY/VOO for long run.
You see, every recession years, buffet wins, rest of the years he is matching or slightly less than S&P.
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He means over diversification. He favors concentrated bets which is what I am doing. My main position is S&P, AAPL and RE. Wild = throwaways, doesn’t matter how many… can be as few as none to whatever. My RE investment is also very concentrated, only SFHs… no multi-family, tier-one neighborhoods, no commercial blogs, no REITs.
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My 2 cents: RE is business cum investment, make sure you do not buy remote homes, buy the home wherever you can reach by car and take control. This is what my realtor reminded many times and she is right on to it. At one time, my property manager told me roof is leaking and it needs replacement, he gave $12000 quote. Seeing such hefty expense, I put my handyman and found shims are broken and resolved it with $400. My property manager apologized seeing his handyman ignorance ! There are plenty of such issues in real estate for which your time and efforts are mandatory like business.
He never mentioned the word “over”. Which means the more concentration the better. Best is entire net worth into one stock. If you are too chicken to do that then you are what buffet referred to as a “dummy”.
Ha ha ha !
It is not about one stock, but that one stock is controlled by him like an ETF invested in 72 different industries/companies. Almost 1/3rd is held in private equity as he took 100% holdings with BRK.
If he buys/sell those companies , he needs to pay hefty tax on every sale! Where as he buys/sells those companies using BRK so that he uses tax loss harvesting to pay lower tax that brings ultimate growth.
Pre-2017, this way he is not taxed for any of the BRK holdings (sell only results taxation).
Recently, 2017 tax laws changed the way and even now it is changing to charge the big billionarres buy/holders
No. His portfolio is 40% aapl only. So even he is not up to his own standard. He needs to concentrate more. But I can see he is also a money manager so he is not a pure investor and has constraints.
But for investors from a strict point of view, you have your word cut out for you. Don’t be a “dummy”.