patrick.net

There's a lot of lover's quarrels going on in this thread.

CDon says

why are your calls on housing so abysmal?

Simple answer. The Fed has bankrupt the country going forward. Sad to see. Myself, along with many others, never expected it. My calls on real estate follow the fundamentals and they have not changes. It is a shell game with the Feds holding all the cards at this point. Believe in it, if it is making you money, but until this shell game is over, none of my money will enter the game. Most people buying at this point, which is what determines the market prices, are counting on continual gains. I don't see how that is remotely possible. My nature would have me out at this point, so looking back I would still never enter. I have been in and out, have now been in and out of another runup in the stock market. I'm doing fine. You can have housing. I don't care for it much like this. Hope you get out at the right time.

RentingForHalfTheCost says

Most people buying at this point, which is what determines the market prices,
are counting on continual gains.

Where is the evidence that the investment component is the main driver of buying real estate?

robertoaribas says

It's time for me to take a break; maybe drive out to OC and hang out on the beach....

Laguna Beach? :)

Going to be crowded here this weekend.

RentingForHalfTheCost says

For most selling covered calls and getting a repeatable 6-10% annually is a great option.

True, and hopefully the stock won't raise that much past the target price when the option contract comes due. Greed should be contained, and playing a covered call option is a safe way to make a good return on investment.

Keep an eye on P/E ratio, when it gets past 22 then I would start selling or at least stop buying if I plan on holding my stocks for at least 5 or more years.

I think the next crash will come very quickly and with at least a 30% drop because almost everybody is expecting it. It will almost be like a run on the banks.