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if it’s on a news it’s opposite of reality. news are always selling pump and dump schemes for the wealthy. they were screaming “buy now or price out forever” during actual bubble. and “it’ll never recover” when it collapsed. so that’s my opinion from life experience.
AD says
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https://www.newsweek.com/us-housing-market-mirroring-2008-bubble-real-estate-analyst-2005520
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if it’s on a news it’s opposite of reality. news are always selling pump and dump schemes for the wealthy. they were screaming “buy now or price out forever” during actual bubble. and “it’ll never recover” when it collapsed. so that’s my opinion from life experience.
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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.