- Sep 4, 2015
- Reaction score
There is no problem to exacerbate right now, because jobs are stableOkay... say people eat out less... travel less, pull kids out of sports etc.... well there's your job shed for ya.... which then exacerbates the problem.
My take is that we are on very shaky grounds, very thin veneer between things chugging along and falling apart. You seem to think our current economic and real estate situation is on solid ground, and sound principles.
No, we have not been on solid principles for 100 years. If we were on solid principles we'd be talking about great it was the Dow hit 4500 today and we'd have been long since been taken over by some other country.
If you don't think, regardless of what happens, real estate is not going to continue to go up in the long term, I'll ask again - can you show me anyone that held a piece of RE for 20+ years that will stand up and say they regret buying it and it was a money loser (aside from folks that were victims of a natural disaster)?
Those people don't exist. In 2041 you will wish you could have bought at 2021 prices, just like we wish we could have bought at 2001 prices today.