my problem with it is that it's a big if. i bought in 2013 and plan on literally never selling my house. my mortgage is 17K right now. i like the feeling of not having to worry about losing my job etc more than the feeling of maybe making money in the casino economy. i'm going to be a lot more aggressive with the money that will pool when my house is paid off next spring. could i have beat 4.25% elsewhere? yes, but it's far more important to me to never worry about my house. i don't care if i could have sold it for double what i bought it for recently; i'm not going to live in the sewers until the next crash.

my point is that buying now means you could be upside down for 8 years. that's a really long time. the same market dynamics that kill the bubble will likely affect the person's income. i'm wired to be risk-averse (except when it comes to strippers...waitwut) and it has served me well.

my problem with it is that it's a big if. i bought in 2013 and plan on literally never selling my house. my mortgage is 17K right now. i like the feeling of not having to worry about losing my job etc more than the feeling of maybe making money in the casino economy. i'm going to be a lot more aggressive with the money that will pool when my house is paid off next spring. could i have beat 4.25% elsewhere? yes, but it's far more important to me to never worry about my house. i don't care if i could have sold it for double what i bought it for recently; i'm not going to live in the sewers until the next crash.

my point is that buying now means you could be upside down for 8 years. that's a really long time. the same market dynamics that kill the bubble will likely affect the person's income. i'm wired to be risk-averse (except when it comes to strippers...waitwut) and it has served me well.

there are some areas where the people are still upside down after buying in 2008. they never cleared the original purchase price. fukk that

that all being said, portland is somewhat of a unique case in that you could get absolutely soaked in california during a crash and move up here with the proceeds and buy a house that is better than the one you had in a nicer area. i don't think we're gonna get nuked necessarily, but still.

I agree with you. Im a minimalist and the consumer mindset of the west where people purchase a new house every 8 years or whatever the number is is ridiculous. For a primary residence, you shouldn't be worried too much as you should be in the house for 15+ years ideally. Again,a primary residence is not an investment!I cant seem to stress that enough. My advise is to people thatneedto make a purchase for whatever reason. Obviously, as i stated earlier, best case scenario is to wait a little while longer to make a purchase. No one can time the market but we've definitely seen the top here and are on our way down.

Your last sentence is on point. Portland won't be hit as hard as other big metropolitan cities but we'll see a correction as well.

i'll buy you a beer when i finish my cut on new years, boyo, and we can talk about the apocalyptic scenes we're watching through the pub's windows.

Better now than later if this is true.

The economy is a giant bubble. You only need to live in California to see this on a daily basis. Houses selling for 450k to people who make 50k a year because wages are nowhere near inflation. Techies filling up 4,000 dollar a month apartments in the bay area forcing out all skilled labor and normal people who then have to commute in to work. Taxes through the ****ing roof. Zoning laws ruining entire cities. Permits costing a fortune.

Look to California to see how the rest of the country will be headed. This place got HAMMERED during the 2007-2008 recession and it will do so again if another big one comes.

Better now than later if this is true.

The economy is a giant bubble. You only need to live in California to see this on a daily basis. Houses selling for 450k to people who make 50k a year because wages are nowhere near inflation. Techies filling up 4,000 dollar a month apartments in the bay area forcing out all skilled labor and normal people who then have to commute in to work. Taxes through the ****ing roof.Zoning laws ruining entire cities. Permits costing a fortune.

Look to California to see how the rest of the country will be headed. This place got HAMMERED during the 2007-2008 recession and it will do so again if another big one comes.

Literally going to the gun range either this week or next.

In case of national disaster, people go fukn crazy...

like that movie on netflix where the disaster happens and Forest Whitaker and the other guy have to go to seattle...mofos legitimately lost their **** when there was no electricity or cell reception

Lol that conspiracy, like all conspiracy theories, is grade A BS.

We all thought the big sell off would come when Trump got elected... and the S and P roared forward

I don't seriously think OP is part of a conspiracy.

However if you want the Republicans to win in November, don't sell and don't try and convince others to sell now.

A big selloff is exactly what the Democrats would love right now because it would*cause*a big drop in stocks which would help their propaganda and chances at the polls Nov 6th.

I don't seriously think OP is part of a conspiracy.

However if you want the Republicans to win in November, don't sell and don't try and convince others to sell now.

A big selloff is exactly what the Democrats would love right now because it would*cause*a big drop in stocks which would help their propaganda and chances at the polls Nov 6th.

No president can be held responsible for what happens in stock market to be honest.

Which is why the big drop is orchestrated for this year and next

Then "republicans cause recessions neoliberal economics is wrong!"

And you get a Cortez/Sanders/Warren president

Welcome to the United Soviet States of America comerade

lmaoooooo

Nobody on this forum is going to move the market by selling

Which is why the big drop is orchestrated for this year and next

Then "republicans cause recessions neoliberal economics is wrong!"

And you get a Cortez/Sanders/Warren president

Welcome to the United Soviet States of America comerade

It's the butterfly effect.

A butterfly flapping its wings in Africa causes a den of lions to wake up and see food in the distance and start a hunt stirring up big dust clouds from a stampeding herd which causes a cloud to develop which turns into a thunderstorm which moves out over the ocean which eventually causes a cat 5 hurricane that causes 10 billion dollars in damage to Florida.

40 years ago, sure. The problem is that the banks want that money now. They've made that very clear and they've spent billions on politicians over the past decade. Do you think they're just going to let you keep it? Or rather, do you think there's any way you can stop them from taking it? The game is rigged against the private investor.

Why not just save all your money and wait for the economy to crash? Then you can buy things cheap like real estate.

Too young and too broke to ignore an opportunity like this. If I was a 65 year old rich dude, then yeah, batten down the hatches with a bunch of fixed deposits and hold tight. But today I rolled the dice on some OTM TSLA and SNAP puts ayyyy.

Inb4 brutal margin calls notsrs

When do those positions mature?

TSLA 1/18 and SNAP 11/2. Just dabbling in SNAP since I think they could peter along for awhile before taking a fatal ass blasting. They're going under or maybe sold at a yard sale for pennies eventually, though.

Good luck, broyo

id be dumber than my dick to buy property in san diego right now. no way in the world

San Diego bruh here...you are a fraud and absolute idiot..

My boy flipped his house a cool 100K in two and half years...
I bought my house within the last couple of years and had a recent appraisal. Invested 15K. Appraised $55k more from when I bought it...
My only regret was not buying when I first moved here in 09....

You have no idea what you are talking about...you probably live in North Park or PB...giving your money away..

Better now than later if this is true.

The economy is a giant bubble. You only need to live in California to see this on a daily basis. Houses selling for 450k to people who make 50k a year because wages are nowhere near inflation. Techies filling up 4,000 dollar a month apartments in the bay area forcing out all skilled labor and normal people who then have to commute in to work. Taxes through the ****ing roof. Zoning laws ruining entire cities. Permits costing a fortune.

Look to California to see how the rest of the country will be headed. This place got HAMMERED during the 2007-2008 recession and it will do so again if another big one comes.

Always goes up rapidly forever, rite?

Nothing last forever. However, more checks and balances exist since the last crashes. ARMs were all but banished (sadly making a comeback).
Home ownership/real estate has withstood the test of time. Not stock markets. Cash does nothing while sitting idle.

wealthy people do not invest into RE, lol. so many other easier, more profitable options. especially in 2018.

average joes invest into real estate. its a middle class investment strategy (generally speaking)