If you don’t believe in luck, then how come you said I got “lucky”? Ok so you admit it wasn’t luck after all… 
The most correct is to sell bonds, sell stocks, sell BA RE, then buy non bubble RE
Luck still exists. But you can’t count on luck
No… all RE rise and fall together. There’s no such thing as non-bubble re.
During the Great Recession, middle American RE was doing well.
Triple whammy… miss out on joining startups that can turn you into a $100+ million in a flash.
Really??? Only places like Cupertino held up its value during the Great Recession. Are those places your definition of “middle America”?
I do know my limits… 
Austin 
Only 4 bubble states got slaughtered during the Great Recession. Other states did not have much impact or very minor impact
Was Michigan one of them? Detroit houses were selling for pennies…
How about Michigan-Detroit? Detroit is a special case
That’s not true if you measure percent impact, since the national average is still below the old peak. California is back above the peak. Most of the country still hasn’t recovered.
If QE didn’t create major inflation, then we aren’t going to have it. There are also many other areas that are getting cheaper every year thanks to technology advancement and globalization.
1 Like
And then there was St Louis, Albuquerque, Pittsburgh, Baltimore… my oh my… so many special cases…
Everything will get cheaper except value generating assets. That’s why it’s important to own as much stocks and real estate as possible.
2 Likes
Mainly Nevada, Florida, Arizona and California sustianed major housing price decline. Percentage wise, other states had a shallower decline.
Unemployment spread to other states after these 4 states triggered the Great Recession
It doesn’t look very attractive. One concord condo I bought in 2013 already doubled in price (from $115k to $260k now); another home I bought in Oakley went from $260k to $450k now… didn’t double but better than Austin looks like…
Now that looks attractive… 