Do soaring asset prices and low unemployment mean it's time to start worrying?

blackvegetable said:
I was never on DCJ......had I been, I might have been able to disabuse you of the belief that nominal prices tell you anything.....but then again, imperviousness is your greatest quality....
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Like I said Janet Yellen said in 2006 we weren't in a housing bubble. So feel free to take your PhD Fed number monkey models that say everything is fine again.
 
cawacko said:
Like I said Janet Yellen said in 2006 we weren't in a housing bubble. So feel free to take your PhD Fed number monkey models that say everything is fine again.
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And Zero Hedge has been predicting The Apocalypse since 2009........what of it?

There were people making very cogent, quantitatively informed, arguments to the contrary in 2006.

If you can find one of those, share it........
 
cawacko said:
This article is a year old but sums up well our current situation vis a vis asset bubbles


https://www.google.com/amp/www.cnbc...nks-bubble-and-the-suspension-of-reality.html
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What about that did you find compelling, the frequent references to bubbles, or the complete absence of substantive argument? It veers randomly from a brief discussion of RE, to a bunch of selective alarmist crap about equity markets.

Let's say I wanted to determine whether or not to buy a 15 million dollar property in Nashville.....what light does your citation shed on such a deliberation?
 
blackvegetable said:
What about that did you find compelling, the frequent references to bubbles, or the complete absence of substantive argument? It veers randomly from a brief discussion of RE, to a bunch of selective alarmist crap about equity markets.

Let's say I wanted to determine whether or not to buy a 15 million dollar property in Nashville.....what light does your citation shed on such a deliberation?
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If I'm going to buy a property anywhere I'm going to look at the fundamentals of that market first, try to determine where they are in the cycle and then will look at more macro factors.

But I'm not buying any $15mm property based on one article
 
aloysious said:
I just hope the Seattle market is in a bubble. It's where I plan on retiring in 2 or 3 years. Looks a little pricey now.
Anyways, AK is in a recession now with no end in sight due to over dependence on oil.
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Well, Seattle has the third highest cost of living nationwide (since NY & SF would be logistically impossible to overtake for a city of its size - the same reason our traffic is only third-worst after NY & LA). That's not going to change anytime soon. Amazon is massively expanding, Google is moving in, and the developers are going nuts.
 
cawacko said:
If I'm going to buy a property anywhere I'm going to look at the fundamentals of that market first, try to determine where they are in the cycle and then will look at more macro factors.

But I'm not buying any $15mm property based on one article
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I think we might be getting somewhere.....

Given that you recognize that value is RELATIVE, rather than nominal, what fundamentals do you look for - and, for the money shot - did the article you cited offer any actionable intelligence?
 
blackvegetable said:
I think we might be getting somewhere.....

Given that you recognize that value is RELATIVE, rather than nominal, what fundamentals do you look for - and, for the money shot - did the article you cited offer any actionable intelligence?
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What would constitute a real estate bubble to you?
 
cawacko said:
What would constitute a real estate bubble to you?
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Certainly not Bold Assertion to that effect, which appears to be your only criterion.

My idea of a bubble involves a combination of promiscuous credit and a good, the supply of which is readily expandable...

Like tulip bulbs or SINGLE family residences.
 
As long as banks loan money to people who can actually pay their mortgages the housing market, and thus the economy in relation to housing will be fine.
it was only when liberals forced us to put people in homes they could not ultimately afford that we all collectively got in trouble. lesson learned.
keep liberals out of power and we should be fine, Economy is chugging along on all cylinders right now, don't upset the apple cart
 
Getin the ring said:
As long as banks loan money to people who can actually pay their mortgages the housing market, and thus the economy in relation to housing will be fine.
it was only when liberals forced us to put people in homes they could not ultimately afford that we all collectively got in trouble. lesson learned.
keep liberals out of power and we should be fine, Economy is chugging along on all cylinders right now, don't upset the apple cart
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You're an imbecile......staple it!
 
Getin the ring said:
As long as banks loan money to people who can actually pay their mortgages the housing market, and thus the economy in relation to housing will be fine.
it was only when liberals forced us to put people in homes they could not ultimately afford that we all collectively got in trouble. lesson learned.
keep liberals out of power and we should be fine, Economy is chugging along on all cylinders right now, don't upset the apple cart
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Did you vote for The guy who left banks and investors holding the bag on nearly 1 billion?
 
blackvegetable said:
I will not answer another of your questions until you answer my first....

Who told you ACA is a jobs killer?
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How many times do I need to answer it for you? I posted the article for you. You read it. Sorry if it offends you.

And don't answer my questions. I don't give two shits.
 
cawacko said:
How many times do I need to answer it for you? I posted the article for you. You read it. Sorry if it offends you.

And don't answer my questions. I don't give two shits.
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Allow me to demonstrate what a mendacious little spin you are......overlooking the stupid math, the citation is dated 7/5/17.....

Was that the day you learned that ACA is killing jobs?
 
blackvegetable said:
Certainly not Bold Assertion to that effect, which appears to be your only criterion.

My idea of a bubble involves a combination of promiscuous credit and a good, the supply of which is readily expandable...

Like tulip bulbs or SINGLE family residences.
Click to expand...

or student loans? credit cards? : )
 
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