I phrased my post intentionally subjective to see how others reacted.
Does anyone else listen to Modest Mouse? Their album "Good News for People Who Love Bad News" describes a few posters here on the OCA thread :t_up:
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I phrased my post intentionally subjective to see how others reacted.
Does anyone else listen to Modest Mouse? Their album "Good News for People Who Love Bad News" describes a few posters here on the OCA thread :t_up:
You don't retain earnings Sport, when other people are happy to cheaply finance your business and thus your cash flows without the ability to call capital back.
You may recall Warren explaining to us that there are many businesses out there, some very large, that can operate with no equity capital at all.
I currently have one of my houses for sale and will only sell at a small discount (lower than what I bought it for in 2021). I am happy to wait until house prices start rising as soon as interest rates start dropping and I totally feel they will start dropping by the end of the year. I have met people who say the same who are selling their properties.
2025 we will see house prices take off again and I feel all the retirement village stocks will as well.
Given that no human in recorded history has a statistically significant track record of 'totally feeling' where rates will be in 7 months, I wouldn't bank on your totally cool vibes too much.
Check out the dot plots of the professional bond traders, pro economists etc..
So in 2025, what multiple does your feelings tell you that home prices to incomes will expand out to? Or are incomes going to go up bigly.
Interested in what you totally feel.
Consider that currently they are up there with the highest in history in the world, Japan in the 80's and Canada now probably higher.