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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: carranza2 who wrote (38243)8/9/2005 5:49:21 PM
From: anachronist  Read Replies (1) | Respond to of 110194
 
I really hate to get into the inter-genrational conflict here,

Then don't.


Hard not to when I hear someone from the prior generation telling me how I won't possibly be able to afford what they could. Boomers have made their fortunes from inflating assets, people my age are going to have to learn to tighten their belts and put money in the bank instead.

If you want to make a life style commitment, get in or be left behind because no one is making any new land.

"Buy now or be priced out fo-evaaahhhhhhh!" Lol! Yeah right.



To: carranza2 who wrote (38243)8/9/2005 5:52:15 PM
From: Wyätt Gwyön  Read Replies (2) | Respond to of 110194
 
Aspen underwent a secular change from a sleepy backwater to a playground for the rich and famous. that's a special situation. the same can hardly be expected for the entire state of Clownifornia, or the entire Eastern Seabored.

i suspect a lot more money will be lost by people buying in at bubble prices in the major bubblezones because they don't want to get "left behind", than will be made buying into special situations that turn out to be the next Aspen or Carmel or Jackson Hole.

if we are now in the equivalent of March 2000 for US RE bubblezones, there won't be any bubbly places to hide. what did well in the market after March 2000 was value stocks with all sorts of fundamentals, while the growth stocks with bad fundamentals lost 100% and even the bubble stocks with the best fundamentals have been slaughtered (QCOM still down more than 60% from its opening print in Jan 2000). likewise, i suspect the bubble RE markets will be terrible for years to come.