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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: GraceZ who wrote (36009)	7/22/2005 10:12:38 AM
From: tonto	Read Replies (2) \| Respond to of 306849

People make a mistake if they believe they can rationalize when the bubble will burst, (if ever) but the comments made on this thread are very good. Elroy is a very good poster and I respect his opinion. On the other hand, I have been fortunate in buying and selling during the past several years and I am very glad that I purchased what I did. What are you calling rational a failure to observe what is actually happening? One would have made a great deal more money listening to Tradelite (and buying real estate) than one would have made listening to Elroy (and selling it) in the time frame both have been posting. The majority of those posting on this thread have been consistently wrong about the US re market regardless of how rational their bearish arguments have been. Listening to them lost you money.

To: GraceZ who wrote (36009)	7/22/2005 11:51:05 AM
From: Wyätt Gwyön	Read Replies (1) \| Respond to of 306849

having retired from respectable employment in my early 30s thanks to the tech bubble, i am well aware that you can profit from a bubble, even though the bubble is itself irrational and unsustainable. you could also have made a lot of money going long Enwrong or Global Crossing before they went bankrupt. BFD. short-term market returns are separate from a discussion of whether a market is priced irrationally.

To: GraceZ who wrote (36009)	7/22/2005 1:43:27 PM
From: Mike Johnston	Read Replies (1) \| Respond to of 306849

The majority of those posting on this thread have been consistently wrong about the US re market regardless of how rational their bearish arguments have been. Listening to them lost you money. Would you be buying real estate at current prices ? We all know what has happened, the question is what will happen next. Also another question: If in early seventies, when you were purchasing your first home, would you still buy it, if its price had tripled in the 3 years just prior to your decision to buy it ?