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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: russwinter who wrote (75763)12/15/2006 5:54:11 PM
From: ggamer  Read Replies (7) of 110194
 
Over the years I have read many of your posts and I do believe you are a very talented person and a very good analyst. However if I had listened to the advice of many on this thread starting in 2002-2003, I would not have purchased a home in SF Bay Area in Sep of 2002. My home has already appreciated 50%. Sine beginning of last year I started paying more attention to people on this site and took all my investment money out of the stock market waiting for housing/credit bubbles to burst. By doing that, I basically left about 10-15% gain on the table.

A lot of what you and other are saying about the credit/housing bubbles makes sense. But I am just wondering how many people have stayed on the side lines in the past 3-4 years waiting for a huge crash in the market/housing.

Now the interest rates are once again lower than few months ago and all the mortgage brokers that I know are once again busy sucking money from the poor and the uneducated. I know at least 5 guys in the mortgage business who are in their 30s-40s that own a lot of properties and their monthly expenses including their office expenses are over $30K-40K per month and they are managing their lives so far. By looking at their life styles, I am assuming that business is still good.

At this point with Dow breaking records, I am wondering if being out of the market/housing is a good idea at this point. Is 2007 really the year that we are going to see the credit/housing bubbles burst? How sure is everyone on this board.

Any thought would be greatly appreciated.

Cheers and happy holidays,

Peace on Earth
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