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@theotherside
I'm waiting on a fax, so I've got the time. Let's engage in a little bit of basic transitive logic, since I "don't get it yet".
F = FAB; R = Randy; T = theOtherSide
F R T
------
Y Y N Believe there is a bubble
Y Y N Believe prices will probably go down nominally
Y N N Believe prices will surely go down nominally
Y Y N Believe renting can be financially superior to buying
Y Y N Believe right now renting is financially superior
Y Y N Believe an advanced degree in business is worth at least something
Y Y N Have such a degree
Y Y N Rent now
Y Y N Believe people who buy now (or at least in past 2 years) will lose $
Y Y N Believe inflation matters
N N Y Believe it's "always a good time to buy"
By my tally, you and I are more in line than you and FAB.
Regardless, since FAB and I are in agreement on so much, and he "knows what he's talking about", and he and I have reconciled our numbers many times over in past threads (flushing out what we disagree on in the process), then I also must know what I'm talking about.
Do you get it now?
TOS
Peter P and Malcolm, my crystal ball tells me that you will be VERY successful in life…
I'm proud of where I've put myself, but it is not an exclusive club, and I love to share/exchange experiences, ideas, and fun debate. It is how those who aspire to be something get there.
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http://www.time.com/time/printout/0,8816,915445,00.html
Sound familiar? Yet another story from 2005? Nope... the publication date of this article was September 12, 1977 - nearly 30 years ago.
Let's look at some other snippets from this time capsule:
Does anyone know what happened to the housing market in California after 1977? Or was the impact of Prop 13 too influential in the resulting statistics?
And finally, the social impact:
So... this was in 9/1977. Now, it's hard enough predicting what 9/2007 will be like - but what do you think September 12, 2037 will be like?
Already, both parents are working, realtors are spinning the Bay Area as a place so great that you don't need to take vacations - what's next? Will child labor make a come back? ("Monta Vista High School and Fireworks Factory #88"?) How much more special can it get here?
(Bonus points for including Peak Oil in your prediction...)
#housing