How long can a property bust take to recover?

Discussion in 'Economics' started by Ghost of Cutten, Aug 30, 2010.

  1. 2016 -2018 (bust started in 2005)

    Worldwide wave C down so we all go together. But who will be the lead horse in the eventual recovery?

    Here's 50 bucks on C H I N A

    I've got 5 locations worldwide where I'll buy in 2016-18 at 5-15 cents on the $ - and given the expected huge appreciation in the $ versus the currency in 4 of those locations, it will be even cheaper when I switch to local.

    In Santa Monica I've got my eye on an oceanfront rel. new, solid looking condo building. I plan to buy the entire top floor at shithouse prices.

    That's the plan.

    Go prices go, crash, crash, crash. I took the trouble to prepare when everyone gave me a fck of a hardtime. Only 4 listened and we're all going in together on the cleanup.

    :) :D :D