That’s it!!! When/if it collapses everyone will say they knew it was coming.
Let me say the logic is there, it makes sense. Especially when compared to the alternatives:
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Things stay the same (this rarely if ever happens).
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Things get better. That would mean housing prices continue rise. If they are going to continue the rise what are the indicators that it will rise? How is the money situation? Is there a housing shortage? etc…
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Things will get worse. What are the indicators? People losing homes, interest rates rising, and real estate bond funds folding.
Of the three options number three is the most logical. If people point out more esoteric items then I work to understand them (ie BearSterns).
Once I have an idea of what’s going to happen, then I can react.