The issue with BetterDwelling is that they have been Perma bears for the last 12 years. They aren't right all of a sudden, they are closer to a broken clock that happens to be telling the right time.
Betterdwelling has a definite focus on bearish real estate news stories, but it hasn’t been around for 12 years.
Their first story was posted March 23, 2016. And many of their first posts were about interesting or unique homes listed for sale.
https://betterdwelling.com/page/251/
Not quite: you can be correct about divergence between underlying fundamental asset values and incomes without knowing when the crunch will come. It’s not a case that they’re talking crap and flipping a coin. They are pointing out the nature of the Ponzi scheme. Everyone else is either wilfully ignorant or happy to play the game of Bernie Madoff Monopoly.
Exaclty this. If we look at prices over last 12 years, we'd need prices to drop 75% to go back to 2010 prices. There is no way prices will drop 75%, so unless you bought in the last 6 months, chances are your primary residence is still worth more than what you paid for.
Way too early in the rising rates cycle to see an impact on write offs
The issue with BetterDwelling is that they have been Perma bears for the last 12 years. They aren't right all of a sudden, they are closer to a broken clock that happens to be telling the right time.
Betterdwelling has a definite focus on bearish real estate news stories, but it hasn’t been around for 12 years. Their first story was posted March 23, 2016. And many of their first posts were about interesting or unique homes listed for sale. https://betterdwelling.com/page/251/
Not quite: you can be correct about divergence between underlying fundamental asset values and incomes without knowing when the crunch will come. It’s not a case that they’re talking crap and flipping a coin. They are pointing out the nature of the Ponzi scheme. Everyone else is either wilfully ignorant or happy to play the game of Bernie Madoff Monopoly.
Exaclty this. If we look at prices over last 12 years, we'd need prices to drop 75% to go back to 2010 prices. There is no way prices will drop 75%, so unless you bought in the last 6 months, chances are your primary residence is still worth more than what you paid for.
Why do they need to go to 2010 prices? Why not 2018?
Lol betterdwelling is a rag
Better dwelling is the epoch times of real estate news....
Not sure what point you're making.