What goes up, must come down?
I’m not a shorting man. But if I was, I’d be shorting now. Instead, I’m just mostly in cash.
Er... No...
What goes up will, over time, always go up.
Man I would have loved to have sold you real estate 17 years ago!
The average sale price of a house in Q4 2000 was $212,100. The average price today is $375,700. The only way is up!
The average price of a gallon of gas in 2000 was $1.51. The average price today is $2.49. The only way is up!
The average sale price of a house in Q4 2000 was $212,100. The average price today is $375,700. The only way is up!
Inflation?The average sale price of a house in Q4 2000 was $212,100. The average price today is $375,700. The only way is up!
Only about 20ish percent, that $212K would be would be about $250K in 2017 dollars.Inflation?
Isn't inflation around 2+% a year?Only about 20ish percent, that $212K would be would be about $250K in 2017 dollars.
Yes, you're correct. That's what I get for doing math while on a conference call lol.Isn't inflation around 2+% a year?
Most inflation calculators have 212K = 280-300K
All bull markets come to an end. Could be 1 year, could be 10. Your guess is as good as the guys on Wall Street.
That’s a highly misleading statistic. The average price of a sale is a lot different than the average price of a given property. If I build ten houses today and sell them for $100k each, and then build ten houses next week and sell them for $200k, then the average sale price week to week has doubled! But wait! The houses sold the second week were twice as big with lots of upgrades. So has the value of the original houses gone up? Nope.
What’s going on in housing right now is that upper middle class and upper class buyers are driving up the price of homes in their price range, but less expensive homes for the middle and lower classes are frequently still not even back up to their 2007 levels. That skews a statistic like “average price of home sold,” because the cheaper houses just aren’t selling in the same numbers the more expensive ones are. Lower class buyers are sticking with renting.
Er... No...
What goes up will, over time, always go up.
Unknown if this is true or not.
This is a logical fallacy, and prior performance is no guarantee of future returns.
The Dow could collapse, we could all loose our money then Canadian Communists could annex NYC and abolish the DJIA.
What you really mean is what you said with the additional caveat, "provided nothing major happens that undermines the reasons the Dow always goes up."