Impending gloom and doom

[97guns]

The question was, do you think there is any truth to the rumor?

I think there is a whole lot if truth to it and for the most part the mainstream is late to the party but what do I know? I'm just a retired guy with most all his assets in real estate so according to boggleheads I have my head up my mouth

[97guns]

Oh yeah, I forgot i shouldn't have a shirt either, it should be lost

[rennigade]

I think there is a whole lot if truth to it and for the most part the mainstream is late to the party but what do I know? I'm just a retired guy with most all his assets in real estate so according to boggleheads I have my head up my mouth

I agree brother, I didnt listen to you but look at you now. We all should have taken your advice. Real estate is the way to go. You cant lose. You're living proof! Anyone investing in the market is nuts, including myself. All this time I thought I was doing it right by buying and holding...what a goober I was! Everyone needs to get their hands on tangible assets like real estate and gold.

Like I said...gold, guns and ammo! Now im going to add real estate. Everyone can retire if you buy several homes and rent them. Its that easy. No more reporting to the man...be your own boss...like a boss!

And for those who think otherwise...look at the market. Its going down, down down the last couple months. Buckle up because its going to be a bumpy ride!

[dawnwes]

I think there is a whole lot if truth to it and for the most part the mainstream is late to the party but what do I know? I'm just a retired guy with most all his assets in real estate so according to boggleheads I have my head up my mouth

I haven't read through your posts so I don't know what your retirement looks like other than your signature line.

Are you covered with health insurance? Were you military? Do you have retirement income coming in?

We won't have health insurance offered and that is a huge concern about retiring early. If I go back to work and work for another 20 years, I get some health insurance that is better than medicare, but I will be over 65.

Dawn

[97guns]

Are you covered with health insurance? Were you military? Do you have retirement income coming in?

We won't have health insurance offered and that is a huge concern about retiring early. If I go back to work and work for another 20 years, I get some health insurance that is better than medicare, but I will be over 65.

Dawn

I have health insurance, paid out of pocket, no retirement income, never military, only source of income is rental

[97guns]

I agree brother, I didnt listen to you but look at you now. We all should have taken your advice. Real estate is the way to go. You cant lose. You're living proof! Anyone investing in the market is nuts, including myself. All this time I thought I was doing it right by buying and holding...what a goober I was! Everyone needs to get their hands on tangible assets like real estate and gold.

Like I said...gold, guns and ammo! Now im going to add real estate. Everyone can retire if you buy several homes and rent them. Its that easy. No more reporting to the man...be your own boss...like a boss!

And for those who think otherwise...look at the market. Its going down, down down the last couple months. Buckle up because its going to be a bumpy ride!

Awesome, glad you took my advice, arn't you? Why don't you go to to Asia with me for a couple months, we don't need shirts there!

[Nutria]

Just become a landlord. You're using too many real hard numbers here. No one wants to hear that. Real estate is a no brainer right folks...you cant lose money! No one lost their shirt during the housing crash, everyone made money! Just think once start to factor in all of those tax breaks along with perfect tenants that every single landlord on earth gets...the real money will start flowing. You wont even know what to do with yourself at that point.

If you dont believe me head on over to bogleheads and read about some of the wonderful stories previous landlords had to say...you'll enjoy it. lol

You're being facetious, but 97guns didn't notice.

[LivingAlmostLarge]

I am the same way and we are renting due to circumstances. We sold Jun 2015 and I think it was a very hot bubbly market. We moved so we are renting but we are on the fence if we should rent another year or aim to buy by August.

The houses are sitting longer but not sure if it's seasonal because the slow season of September to January. Or is it because houses are also selling below asking unlike last year from what I can tell. So we have a choice. We needed to rent for 1 year for sure and now we're in a position of saying we could rent another year if we think the market is going to stay say flat or drop.

What to do? Will mortgage rates affect the home prices?

[QuarterMillionMan]

It is beyond me why people behave like ostriches and choose to bury their heads in the sand (lol).

[Nutria]

It is beyond me why people behave like ostriches and choose to bury their heads in the sand (lol).

You wonder why people are fearful and deny reality in order to stay in their happy places??

[LivingAlmostLarge]

So do we think the market is going down?

[Nutria]

So do we think the market is going down?

Sure. But not forever.

[bjl584]

So do we think the market is going down?

It's already gone down. I think some of the indexes are in a bear market. But, I'm not going to stop investing as a result. My money will transfer to my investment accounts the first of the month just like the always do.

I held steady during the crash in 2008 and kept on DCAing. As a result, I was rewarded handsomely with my investments. I don't see the current events as being any different.

[snafu]

Selling your home and buying another is expensive, disruptive and a huge amount of work. When I analyze the figures I conclude the best part of the whole adventure is motivation to rid the household of accumulated clutter.

Where is your community in the housing cycle?

https://www.google.ca/search?q=housing+market+cycle?&tbm=isch&tbo=u&source=univ&sa=X&ved=0ahUKEwjDsdjA2L3KAhXhu4MKHQAfBWcQsAQIJQ&biw=1045&bih=404

[tripods68]

I know several relatives of mine and distant cousins family are low income plain poor. They live paycheck to paycheck with little disposable income to spend each month. Recession is a factor to a lot of people in the this demographic, not just those in highly leverage mode. Most work in retail/food industry making the "minimum wage" and once consumer spending "dry up" due to fear of "recession", more are holding cash, employers start cutting back hours of its employees, follow by layoff. Most jobs in this space are in jeopardy. Most of them will end up back in Welfare. Other will start using their savings while others begin cashing their retirements to help them afloat.
Most will start using their credit cards again eventually leads to higher debt. Once these credit cards limits are reach and savings are exhausted, they eventually turn to "other family member" like me or my parents, aunts, uncle and cousins--loans that will never be paid. Its cycle I've seen way too often. Some are willing to help with no questions ask as gifts; others family will hold great resentment knowing their loans will never be repaid and relationships shuttered once again.