theJ Posted August 28, 2017 Share Posted August 28, 2017 4 hours ago, TVScout said: Real estate will never crash again? Not what I said. As a long term investor, why would I freak out? Quote Link to comment Share on other sites More sharing options...
theJ Posted August 28, 2017 Share Posted August 28, 2017 6 hours ago, TVScout said: Real estate will never crash again? In any case, the real point was that the graph isn't at all applicable. And throughout this thread you claim to be able to perceive these trends and peaks before they happen. It didn't line up. I'm just wondering what evidence you have for a looming housing crash on similar levels to the one in 2008/2009. Quote Link to comment Share on other sites More sharing options...
Pats#1 Posted August 28, 2017 Share Posted August 28, 2017 (edited) On 8/27/2017 at 11:46 AM, TVScout said: Are you concerned about the new housing bubble? Not really, all my properties have 25-30% equity at least and a nice buffer with rents covering the debt service easily. If it does happen I'll be waiting to pick up a bunch of properties for cheap. Wish I had the money and knowledge I do today in 2008. Edited August 28, 2017 by Pats#1 Quote Link to comment Share on other sites More sharing options...
TVScout Posted August 29, 2017 Share Posted August 29, 2017 21 hours ago, theJ said: Not what I said. As a long term investor, why would I freak out? I never said you should freak out. I just asked if you are concerned. http://www.nasdaq.com/article/this-housing-bubble-is-different-than-2008-but-equally-as-scary-cm697332 Quote Link to comment Share on other sites More sharing options...
TVScout Posted August 29, 2017 Share Posted August 29, 2017 20 hours ago, theJ said: In any case, the real point was that the graph isn't at all applicable. And throughout this thread you claim to be able to perceive these trends and peaks before they happen. It didn't line up. I'm just wondering what evidence you have for a looming housing crash on similar levels to the one in 2008/2009. What are "these" trends. I wrote about the Dow. Historically it has peaked months after a recession has started and bottomed out after the economy has started growing again. Predicting when a recession will happen is impossible. But determining if a recession has started is not that difficult. I have already posted a chart showing how unemployment rates alwas soar when recessions start. So do oil prices: When oil prices and unemployment rates increase sharply the economy is surely in a recession. When oil prices and layoff rates fall for at least three months the recession has ended. At that point the Dow is near bottom. Quote Link to comment Share on other sites More sharing options...
TVScout Posted August 29, 2017 Share Posted August 29, 2017 19 hours ago, Pats#1 said: Not really, all my properties have 25-30% equity at least and a nice buffer with rents covering the debt service easily. If it does happen I'll be waiting to pick up a bunch of properties for cheap. Wish I had the money and knowledge I do today in 2008. The rental income is a great buffer. That income effect is why much of my money is in dividends. The Dow will go up and down but my dividend returns don't change very much. Quote Link to comment Share on other sites More sharing options...
Axiomatic52 Posted August 29, 2017 Share Posted August 29, 2017 I have been investing in crypto for the last 2 years. I got Bitcoin at $400, Ethereum at $4, and Litecoin at $6 Today Bitcoin = $4600 Ethereum = $369 Litecoin = $62 And it's still early in the crypto game. 5 years the prices will be much higher. Quote Link to comment Share on other sites More sharing options...
Pats#1 Posted August 30, 2017 Share Posted August 30, 2017 3 hours ago, Axiomatic52 said: I have been investing in crypto for the last 2 years. I got Bitcoin at $400, Ethereum at $4, and Litecoin at $6 Today Bitcoin = $4600 Ethereum = $369 Litecoin = $62 And it's still early in the crypto game. 5 years the prices will be much higher. Didn't Etherium drop like 90% in a day a little while ago due to a big trade or Something? I might buy some just for fun, but I couldn't convince myself to put a good bit of my money into it. Quote Link to comment Share on other sites More sharing options...
Axiomatic52 Posted August 30, 2017 Share Posted August 30, 2017 19 hours ago, Pats#1 said: Didn't Etherium drop like 90% in a day a little while ago due to a big trade or Something? I might buy some just for fun, but I couldn't convince myself to put a good bit of my money into it. Yes, someone sold like 30 million worth of ETH. They probably sold to cause the crash and to buy it back at the low prices. Lol, wish I could have picked some up during the crash myself! Quote Link to comment Share on other sites More sharing options...
Pats#1 Posted August 30, 2017 Share Posted August 30, 2017 3 hours ago, Axiomatic52 said: Yes, someone sold like 30 million worth of ETH. They probably sold to cause the crash and to buy it back at the low prices. Lol, wish I could have picked some up during the crash myself! Crazy stuff. Is the crypto market currently regulated by any type of governing body? I can't imagine doing something like that is strictly speaking "legal". Gordon Gekko up to his old tricks lol Quote Link to comment Share on other sites More sharing options...
mm6492 Posted August 31, 2017 Share Posted August 31, 2017 On 8/29/2017 at 4:19 PM, Axiomatic52 said: I have been investing in crypto for the last 2 years. I got Bitcoin at $400, Ethereum at $4, and Litecoin at $6 Today Bitcoin = $4600 Ethereum = $369 Litecoin = $62 And it's still early in the crypto game. 5 years the prices will be much higher. Where do you normally invest at? Quote Link to comment Share on other sites More sharing options...
incognito_man Posted August 31, 2017 Share Posted August 31, 2017 4 hours ago, Pats#1 said: Crazy stuff. Is the crypto market currently regulated by any type of governing body? I can't imagine doing something like that is strictly speaking "legal". Gordon Gekko up to his old tricks lol the point of crypto is that it is not regulated by any type of 'governing body' Quote Link to comment Share on other sites More sharing options...
Pats#1 Posted August 31, 2017 Share Posted August 31, 2017 32 minutes ago, incognito_man said: the point of crypto is that it is not regulated by any type of 'governing body' Yea, I knew that no gov't regulates it, but wasn't sure if there were like any rules/regulations by those who run the trading platforms to stop people from doing possible schemes like Scout pointed out. Then again, even if there were rules, since no legal governing body enforces it, I guess it would be pointless anyways. Crypto is really cool and really scary all at the same time for me looking at it from an investment standpoint. Quote Link to comment Share on other sites More sharing options...
incognito_man Posted August 31, 2017 Share Posted August 31, 2017 i think i might take the plunge and read security analysis by graham. haven't read it yet but am a fairly avid boglehead supporter. I've always been a bit fascinated with economics - might be the next degree i get Quote Link to comment Share on other sites More sharing options...
Axiomatic52 Posted September 1, 2017 Share Posted September 1, 2017 On 8/30/2017 at 7:52 PM, Pats#1 said: Crazy stuff. Is the crypto market currently regulated by any type of governing body? I can't imagine doing something like that is strictly speaking "legal". Gordon Gekko up to his old tricks lol No, but regulations apply when getting into ICOs. Quote Link to comment Share on other sites More sharing options...
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