But this time bad debt overseas will kill banks.
Last time it was bad US debts killing the world economies.
Probably only half as bad as 2008.
You know the drill, stocks drop by 50% or 30% and houses
follow dropping 30% or 20%.
Might not happen, but who knows for sure???
Be careful.
Lol @ point about north Korea. Funny, I don't troll the DMZ mocking their soldiers for not winning the equivalent of the qc stock option lottery. Bitter landlord displays more of a sociopathic lack of gratitude than anybody else here. People may be jealous of your dumb luck, but certainly not your bitter attitude
Anonymous141728, not bitter that your "success" is due to stock option lottery. Just wondering why you aren't honest with yourself, or why you assume that we all want to win lotto and live in a place like Carmel valley. If you weren't bitter you wouldn't be trolling this site all day every day
Anonymous141689.. I know you are bitter that some people's luck and effort yielded more wealth than you. But don't be so bitter about it...look on the bright side. You weren't born in North Korea. I am sure your effort had little effect on that outcome and I am sure someone in North Korea is bitter and jealous over your luck. So take that bitter frowny face of yours and turn it right side up
Anonymous141702.. Lol who is giving advice to buy houses now? I am just mocking all the doomsayers who's mentality is what caused them to miss the first correction..and it will be the same mentality that will make them miss the second one , if there is one. The same idiots that expected after a decent correction that made owning cost less than renting still wasn't good enough and still expecting an unrealistic 40-50% off...that never happened in most of SD tier 1. Just the same faulty logic as a permabull that thinks home prices always goes up....lol...
Their money
Anonymous141689. Most people can't afford a home these days because many people in this country suck at managing there money. And many are knee deep in debt. They can't qualify to own right now..but don't worry. The banks will relax lending standards eventually. There are plenty of people that can afford to own.. But those that can rent necessarily waiting for that miracle 40-50% off before they can. And they'll beat all you people waiting for that 40-50% correction you need before you can own. Just like 2008.
Renters buy houses, but now when prices have had a huge run up from 2008 (Doubling or more in price in cheaper areas) is the time to rent until we see how far the market will fall next 2 years. Go away crazy landlord guy. You give advice to buy now and that is like buying in 2007 at the peak just before the huge fall in price.
if your theory were true, no renter could ever own a house. Only people who own would be trust fund babies. Clearly that's not how things work. But it resonates since your silver spoon was a giant pile of dumb luck in the form of QC stock options. Move on @bitterlandlord
Anonymous141632, no. I said you guys are clueless thinking there will be a massive re sellogg. But even if there is there is a high probability you still will be priced out of the market. Can't afford it now, won't be able to in the future. Now I understand why many of you renters are bitter.
And crazy landlord guy who keeps posting here about SD real estate:
go buy more houses so we can pick them up cheap at foreclosure cheaply
in a few years.