Understand its possible...

Buy now or be priced out forever. Get a life and go away.

Me?

This article is about regretting selling...but the real takeaway is that the entry points from 1985 to 1990 were terrible...especially for those who wanted to sell in the mid 1990s due to life changes.

Downturn happened '87 to '91 then flat until '98. It took 3-4 yrs for that market to drop 25-30%. Hardly analogous to our current situation which saw the same drop occur within 6 months.

If you're trying to say there are good and bad times to buy and good and bad times to sell, well that's quite profound. Well done.

For someone who congratulates himself for buying in a clearly bad period it should be profound. What I thought was funny is the article is about selling to soon...when its really about the danger of buying badly...you know, like you just did.

For someone who congratulates himself for buying in a clearly bad period it should be profound. What I thought was funny is the article is about selling to soon...when its really about the danger of buying badly...you know, like you just did.

The other difference is 1991 was an attractive entry point, supportable on many rational mathematical levels, as opposed to where we are now.

The other difference is 1991 was an attractive entry point, supportable on many rational mathematical levels, as opposed to where we are now.

Appreciate the kind words, good luck with your purchase as well.

Just be careful about getting too wrapped up in the whole history repeating itself thing.

You dont have to worry about history repeating itself when you know the difference between cheap and expensive. You dont need to worry about predicting the future when you understand all the costs of owning vs. renting.

Spinn: eh, don't engage. BTW, I'm only days away from burning wood in our fps. Very excited.

FWIW, I think the writer of that article should be held up as THE example for newlywed breeder couples as to why not to buy if you don't have a long-term horizon. The transferee couple - meh, as long as it was good for his career to move...

Its not the horizon as much as the entry point. If you cant sell an apartment 10 years from when you bought it for more (like 1985 buyers) then there was something very wrong with your entry in rent/buy terms. If you go by the appropriate math, you will likely be safe, if not profitable, over a much shorter horizon. It isnt when they bought and their horizon...it was what they paid. The stories abound from the late 80s...ppl buyng one beds for monthly nuts well over rental costs in similar or same buildings.

nyc...We've already burned through 1/2 a face cord this winter. Good luck and enjoy it, may your chimney draw well...

Rhino, when your friends "brag" about a good deal they got on chicken for $3.99/lb, do you harangue them about the upcoming specials that might be cheaper? Sounds fun. FWIW, I agree with you about entry points - I just think you attach way too much importance to the year, which is rather meaningless when you're looking at single transactions.

All we can do is generalize about market. I don't generally like to hang around people who brag. I thought it was funny to be called profound by a guy who started a thread to brag about his purchase...which has yet to be proven good or bad.

Can the chkn be leveraged 100x and does it represent 1/3 or take home pay and 1/2 of net asset? Wow thatz some chkn.