Author Topic: UNLIMITED 20119 Bubble Thread  (Read 1649 times)

Doktor Howl

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UNLIMITED 20119 Bubble Thread
« on: October 18, 2018, 05:09:21 pm »
"Daisy had syphilis, Tom died of genital warts, and Nick Carroway watched it all in mounting horror, then made off with the silverware and the maid."
~ The Good Reverend

Ecclesiastes 2:14, JACKASS.

Bruno

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Re: UNLIMITED 20119 Bubble Thread
« Reply #1 on: October 20, 2018, 11:42:13 am »
https://www.msn.com/en-us/money/markets/analyst-who-predicted-2008-crash-warns-of-bubble-brewing-in-household-wealth/ar-BBOxWlX?ocid=spartanntp

AVAST, YE LUBBERS!  WHITE PICKET FENCE AMERICA IS ABOUT TO GO BELLY UP!

I've battened down the hatches as best I can with my two 401Ks. Something, something... CAPITAL PRESERVATION FUND in one of them, and like, bonds, and commercial mortgages or something in the other one. Basically, the lowest risk options offered in each plan.

"Guns 'N Beans Futures" were, surprisingly enough, not to be found anywhere on the list for either plan.
Formerly something else...

Cramulus

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Re: UNLIMITED 20119 Bubble Thread
« Reply #2 on: October 22, 2018, 02:06:40 pm »
Yo I want to buy a house in a few years, so this is good news, right?


if the answer is no


Yo I want to pay for sustinence by running 3-card monty in an alley, so this is good news, right?



Faust

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Re: UNLIMITED 20119 Bubble Thread
« Reply #3 on: October 22, 2018, 03:55:23 pm »
In a crash house prices come down but the banks don't lend. Outside of a crash the prices are too high, I wouldn't pay much heed to that other than what is happening with the interest rate.

Things to consider:
If the Mortgage is less then your rent it tends to be a better option hands down.
Buy in a place that if the economy crashes you would be comfortable to stay if you were unable to sell.
Narrator: In time you will know the tragic extent of my failings

May you find your worth in the waking world.