LMAO at anyone quoting "what the experts say"... whether it

Mar 25, 2022, 4:36 PM

be trying to justify ridiculous house prices recently or anything else. Guess how many times the "experts" have been right or wrong in my 65 years on this earth? I doubt they're batting 500. Hel1, just a couple years ago I was reading that the "experts" said that a housing market crash was inevitable ...all the Boomers were retiring and downsizing, so there would be a glut of houses on the market and not enough buyers. I chit you not. What has happened?... just the opposite.

The "experts"... whoever "they" are... are almost always wrong. If "they" could predict market crashes, recessions, the price of gold/oil/cryptocurrencies/whatever long term, wars & other foreign factors, global economies in which a crash in Japan/wherever has repercussions in the USA, future interest rates, the price of tea in China, etc... then "they" wouldn't be on Fox or CNN or online writing blogs & articles for clicks. They'd be on a yacht in Monaco, face down in a sink full of Peruvian flake.

I remember the heyday of the 80s, and seeing a panel of financial "experts" saying that USA stock markets would never go down again. Because everybody was now just dumping money into their 401K's automatically, and never looking at any of the usual factors like P/E Ratios, etc. They called it "glue money"...money that would "stick" and was being injected into mutual funds every month by millions of Americans sight-unseen. Guess what happened right after that... the 1987 crash.

I remember watching TV for months leading up to the year 2000, and how the world was unprepared for what was coming. The "experts" were calling for people to hunker down and get ready. International money markets would crash, the electrical grids were going down, etc. Weeks, maybe months with no power. Anarchy in the streets. People were building underground bunkers and stocking up on food, water, guns, ammo. What happened? Nothing.

[Oh yeah, I knew that was all bullcrap. I was working for Fluor Daniel at the time, and selling/supporting their CMMS system, now referred to as as EAM system. A maintenance management program for large manufacturing companies. We had a lot of bigtime clients... Goodyear, Kraft Foods, etc. And when I got there, they had been testing their Y2K stuff since 1995. 5 years in advance. Running parallel tests at client sites, etc. If they were prepared that far in advance, I was pretty much assured that more critical software like banking systems, etc, were even more prepared.]

Yes, I remember the cover of Time Magazine warning of the coming Ice Age. Now it's just the opposite: Global Warming.

I got "dot-commed" twice... losing jobs in the early 2000's when the "experts" were saying that everything was going online, and we'd all be tapping into the Information Superhighway for everything. People would never leave their houses again, just go on their web browser and order groceries and everything else. Nah. Didn't happen. Venture Capital money was flowing like honey into every internet startup... only to watch it go down the tubes 18 months later. I guess Amazon today, two decades later, is the closest to that dream. The "experts" were all wrong. Again.

I could go on forever. And already have. The "experts" don't know chit. Never have, never will. I've seen mortgage rates go from 2 to 18% in my lifetime, and nobody saw either coming. Anyway, I've learned to just always use my own common sense...

TL/DR: you're fu%ked.

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smoking cigarettes and writing something nasty on the wall

a house right now. To me, and I know nothing, it seems like you'd be buying in at the top of an unrealistic price curve, especially in certain areas. I just don't see how this is sustainable going forward. A house worth... $200K, say 10 years ago; and $600K maybe 3 years ago; is now going for $1.4 million? It's the same location, the same brick & mortar, the same drywall, paint, and hardwood floors. To me, and I know nothing, it just doesn't make sense to my simple, lint-head brain.

I could be totally wrong, of course, because again, I know nothing. And prices could just continue to soar. That house listed for $1.4MM today could be $1.75MM tomorrow, and then $2MM next week. But based on some of the examples posted here recently about Mt Pleasant... it's still just a tiny little house, no where near the ocean, with no garage, and on a postage stamp of land. And it makes no sense to me. But again, I know nothing. I hope I've made that clear.

(I think some folks are going to be upside down in some of these houses in the future).

LMAO at anyone quoting "what the experts say"... whether it

Are you in the Larry David commercial?

I like your signature.***

Me too. I have 6000 posts in 23 years. You?

Re: What's your gut saying?

What is my gut saying? Man, I'm glad I've just sat tight in

Re: What is my gut saying? Man, I'm glad I've just sat tight in

Sir, this is a Wendy's.***

so... where's the cute chick with red hair?

Look, all I'm saying is... I would be very cautious about buying

The "experts" tell you what you need to know

Oh, here's another great example... I remember when the

Re: Oh, here's another great example... I remember when the

and you didnt mention "the experst" and covid one time***

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