I have a very complex view on real estate. And my fingers are tired.
Hey...you Big Monkey... Ha, I like that. If you’re a pessimist right now, you’re in good company. If you’re an optimist, you’ll probably make money. I made that up the other day, as right now 99.9% of folks are suicide basket cases that have no faith in the laws of gravity. F politics, I’m talking econ and gravity.
BM, if you believe, what nearly everyone else believes, then what chance you got of typically being right?
BTW, I was a screaming maniac about being bearish on r/e a couple years ago at the very top. I got called every name in the book. I in fact said it would be “the worst real estate market since the great depression”. I’m sure if I tried, I could find some of my old “the bridge is washed out comments” here at FR.
And that said, we might just have one big upmove in r/e over the next couple years. Trouble is, inflation later will be a major head wind on r/e. Because people don’t buy houses with cash, they buy it with monthly payments...
Ok, now I’ve talked and typed too much, brain hurts...
You’re right, you were one of those ringing the bell a few years ago. I’ve followed your posts for a few years due to your economic and investment opinions which I’ve found to be pretty accurate.
Thanks for sharing your knowledge.