us housing stocks crashing, page-12

sandune is no fool re: us housing stocks crashing i'll support sandune ...

housing, in my book, is the basic driver of the economy. up and down. when house prices rise, the WEALTH EFFECT adds enormous power to the economy. when house prices fall the reverse happens. where are we now ? you know, so i don't need to tell you.

and note for the bad times ... when things are awful, governments support the economy in difficult times with multiple ledgendary taxpayer paid infrastructure / local authority projects which flow straight back into the economy at a rapid pace. this is not happening now.

check out your history.

when i asked my grandpa back in the 60's why he did not own a house he replied that his grandfather lost everything in the late 1900's. this trade off effect comes in three generations. bust moves to confidence. confidence is established. established confidence moves to boom. then it's bust again. once more check out your history. if anyone thinks they can beat the cycle then you have my best wishes. if you can understand what happens, then it's best get out and wait. the waiting will be well worth it. what is going to turn the current boom to bust ? over confidence and i believe this is where we are now. anyone under 35 has no chance of understanding a thing where this is concerned. anyone between 50 - 60 should remember 74 but will remember 87/9 well enough.

for the time clock, check out : http://www.rubbernet.com.sg/monk's_chart.htm

don't fight it.

it was formulated over one hundred yrs ago.

my own copy is dated 1953 !

it has helped me considerably but patience is needed.

you can lose heaps on the way down and make heaps on the way up. buying during distressed times is good for sleep !


be good