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housing prices peak 2


               
2022 Apr 29, 9:29pm   859,598 views  7,400 comments

by AD   follow (0)  

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https://finance.yahoo.com/news/pimco-kiesel-called-housing-top-160339396.html?source=patrick.net

Bond manager Mark Kiesel sold his California home in 2006, when he presciently predicted the housing bubble would pop. He bought again in 2012, after U.S. prices fell more than 30% and found a floor.

Now, after a record surge in prices, Kiesel says the time to sell is once again at hand.

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7399   FortWayneHatesRealtors   2026 Jan 24, 9:38am  

HeadSet says

Patrick says


He cited the strong performance of retirement accounts as a reason to preserve those funds rather than encourage withdrawals for housing.

Correct. Retirement accounts are for retirement, not to prop up house prices.


That’s a good point. What’s next? Ca
R guys get Trumps ear… withdraw to buy a car.

Defeats the whole retirement point.
7400   TheAntiPanicanLearingCenter   2026 Jan 24, 1:24pm  

Yep, and allowing withdrawals from 401ks isn't going to help those under 40 buy anyway, nor will it impact the market.

The Government is fucked in attempting to control housing prices.

Biden already let any illegal with a pulse get a nothing/almost nothing down minimal documentation loan.

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