I get genuinely irritated when people confidently declare that “the housing market is a bubble and it’s going to crash. ”Without a timeline, that statement is both meaningless and boring.

Of course everything moves in cycles. Sooner or later the market will crash, the bubble will burst, or whatever doomsday scenario you prefer. And when it finally happens, the person who has been saying the same vague thing for ten years will proudly claim they were right all along.

Sorry, but I have far more respect for someone who makes a specific, time-bound prediction and turns out to be completely wrong, than for the person who makes a safe, timeless prediction and eventually gets to say “see, I told you so.” At least the first person had the courage to put a date on it.

Vague doomsayers aren’t analysts. They’re just playing the odds with other people’s attention.

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This is a new post on the new dewlar.me blog.
You can find the old blog here:https://mrsdewlar.blogspot.com

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