patrick.net

I am afraid the the stock market is in a bubble and could end very badly. But that said, I'm still 75% in because I don't really know.

I don't even care about the housing market anymore.

With super low rates and money printing I dont see an end to the stock market bubble anytime soon. Similar for housing. Plus, all this inflation talk pushes people to buying assets vs holding cash. The trend is your friend until the end....

Patrick says

I don't even care about the housing market anymore.

Patrick not caring about the housing bubble? What's next, the Pope saying there is no God?

HeadSet says

What's next, the Pope saying there is no God?

The current Pope might.

HeadSet says

Patrick says

I don't even care about the housing market anymore.

Patrick not caring about the housing bubble? What's next, the Pope saying there is no God?

I put my position out there: a house's value is determined by what you can rent it for. Rents are honest in a way that mortgages are not, because no bank will loan you money to pay your rent. If you can't rent a house out for enough to cover the mortgage and all other expenses, then the price of the house is objectively too high.

If people want to continue overpaying to make realtors and bankers rich, well, that's just stupid but I can only yell about it for so long.

Eric Holder says

HeadSet says

What's next, the Pope saying there is no God?

The current Pope might.

Does anyone think that he's an atheist

It's inflation. With the Dems unchecked now say hello to much more spending than under Trump who already spent like a drunken sailor. Asset prices will go up. Stocks much more favorable than housing. Crash is possible only when we enter a recession, companies post losses and start layoffs. Not yet.

mell says

It's inflation. With the Dems unchecked now say hello to much more spending than under Trump who already spent like a drunken sailor. Asset prices will go up. Stocks much more favorable than housing. Crash is possible only when we enter a recession, companies post losses and start layoffs. Not yet.

Stocks for companies like Apple with strong China ties will go up, because Biden will do the bidding of China and remove tariffs and any other trade restrictions. US manufacturing will plummet. We will also have a flood of illegals displace low end workers. Won't be much to crash.

Stocks overall are not a bubble because 1. Interest rates are low 2. Consumers are being supported by the government, so they keep consuming.

Exceptions exist, like Tesla.

I recently found out that I have first refusal on a piece of land (now with a house on it) in Martha’s Vineyard.
Evidently when my mother sold it to our neighbor, she put that on the deed, around 1972.

Talking to the present owner (buyers heir) last night, she can’t handle the property taxes anymore.
These places were prefab houses brought over to the island on the ferry on a truck in the 60’s.
Old small places were called “camps”.
So, the little places are sometimes sold, torn down, and a gazillion bucks is spent on the house with the view.
The neighbor gets assessed at $3 million and because he’s 200 feet away, guess what?
Your little prefab house with a view is assessed for a couple of million bucks!
You can’t fight city hall, so cough up the money asshole.
I don’t care what anyone says about real estate; you are buying a tax trap.
How big a trap you are in depends on your place and location.

Sometimes we think we are in a huge bubble, for years. After years go by we realize the assumed bubble was just a blip on the chart.
Maybe we are in an everything bubble, or maybe ultra low interest rates and money printing just leads to asset inflation which can last for decades.

Remember when everyone talked about the Bitcoin bubble in 2017 and compared it to the tulip bubble? Well, it wasnt. Its just a blip on the chart. Now that institutions are buying Bitcoin in the 100's of millions of USD. The alleged "bubble top" of 20k for Bitcoin in 2017 appears to be a cheap price now considering we are approaching 40k per Bitcoin....

Bitcoin reminds me of this

Funny thing is that Enron's accounting was tame compared to actual events that happened after its demise. Oil hit over $120 a BARREL in 2008. Enron's accounting for its positions wasn't that high.

RC2006 says

Bitcoin >

Is digital gold
....and Bitcoin will take market share from gold (currently at valued at 12T USD). Bitcoin will easily be at a 1-2 Trillion market cap soon.

If bitcoin is digital gold, my balls are an oil well. Come drain them and take your profit.

clambo says

The neighbor gets assessed at $3 million and because he’s 200 feet away, guess what?
Your little prefab house with a view is assessed for a couple of million bucks!
You can’t fight city hall, so cough up the money asshole.

"Prop13 is baaaaaaad!"

Zak says

If bitcoin is digital gold

Yes

Zak says

my balls are an oil well. Come drain them and take your profit.

Sorry, wrong forum for that talk. Take it somewhere else.

Bitcoin is digital gold or gold 2.0.