stock market is the perfect example of why housing is always a safer bet

Housing never crashes like stock market....People will pile into housing market soon , now that they realize how vulnerable stocks are . All in real estate guys

 

Spotted the below 25 year old. Real estate in some European countries lost 50% in a year during 2008-09. The numbers weren't far off in US.

 

This is USA....Housing 2008-2009 crash was the last one we ever had. We have no inventory in California here...Nada......a house pops up and gets sold same day with CASH OFFER. It is that hot.

 

When it was the last time that you made money in stock market ?

 

Just like it was in 2007 when everything was pre-sold. Until they couldn't sell anything. California is riding on the tech boom but as shares come down, so will incomes and thus, RE.

 

What happens if the unemployment rises?

 

California is the place where most people want to relocate/live at. So it doesn't matter if unemployment rate is high. People pay houses here by cash. There are no mortgages inChinese buyers...just FYI

 

People have cash? That means the stock market will be back up.

 

This is now. Equity market is months ahead of the real economy. You'll see prices drop in everything in the next months.

 

Last time they cut interest rate to zero to save the Housing markets around the world

What are they going to do this time. And prices are even higher now.