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Just to chime in on the topic of whether housing is a good investment and when it is going to crash -- there is no doubt that 4444 has missed the mark for the past 4 years. The fact is, RE prices are soaring through the roof, and has been doing so for the past 10+ years, with the last several years being especially ridiculous.
I think we would all agree that the fundamentals are completely out of whack. But then it goes back to the question of how we should invest our dollars. There is a philosophy that an investor should never try to time the market, and I wholeheartedly agree with that. The problem with our runaway RE prices is, because the fundamentals are so completely out of whack, I don't have any confidence that it can sustain the same insane levels in the medium term. And that means I don't feel comfortable investing into it. At the same time, I feel reasonably certain that the insane trends are still going to continue in the immediate to short term -- perhaps up to a year or so, and that means if I am not putting money into the RE game, I am losing out on the investment gains.
So the situation kind of puts me between a rock and a hard place. What is a guy going to do?
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