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Misguidance on Real Estate plunge
- Thread starter Rutger
- Start date
Smiling JOe
SoWal Expert
?Reality is only a Rorschach ink-blot, you know.? -- Alan Watts
Seems like you are paraphrasing Mr Watts' quote.
Smiling JOe
SoWal Expert
Typing in larger font doesn't make your points more valid. Here is my apology to you. 2bfabian, sorry, but I couldn't resist using your quote. It is perfect insight into your world, and I want to share it with everyone, so I've included it in my signature line.
SHELLY
SoWal Insider
May I be so bold as to interrupt this enlightening 
t?te-?-t?te and interject the following.
The RE Frenzy over the past couple of years was a market anomaly--a perfect storm of cheap money; easy credit; an asset class understood by anyone who has played monopoly as a kid; an abundance of people who feared the stock market; and greed. Now it is over and we are experiencing a reversion to the mean--a RE frenzy of that type will not return for decades, if ever in our lifetimes.
Like an old, trusted friend who has passed, those who've enjoyed and profited from the ride will grieve its passing...as such, all will have to pass through the K?bler-Ross 5 Stages of Grief (Denial, Anger, Bargaining, Depression and Acceptance) at the end of which we will finally hit the bottom (we're not there yet).
Below is an short video illustration of the 5 stages of grief--(the Quicksand being the current Real Estate Market), take a moment to reflect on what stage each of our RE message board members is experiencing as you watch this clip.
[nomedia]http://www.youtube.com/watch?v=dGvw6WpHSF4[/nomedia]
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t?te-?-t?te and interject the following.The RE Frenzy over the past couple of years was a market anomaly--a perfect storm of cheap money; easy credit; an asset class understood by anyone who has played monopoly as a kid; an abundance of people who feared the stock market; and greed. Now it is over and we are experiencing a reversion to the mean--a RE frenzy of that type will not return for decades, if ever in our lifetimes.
Like an old, trusted friend who has passed, those who've enjoyed and profited from the ride will grieve its passing...as such, all will have to pass through the K?bler-Ross 5 Stages of Grief (Denial, Anger, Bargaining, Depression and Acceptance) at the end of which we will finally hit the bottom (we're not there yet).
Below is an short video illustration of the 5 stages of grief--(the Quicksand being the current Real Estate Market), take a moment to reflect on what stage each of our RE message board members is experiencing as you watch this clip.
[nomedia]http://www.youtube.com/watch?v=dGvw6WpHSF4[/nomedia]
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Last edited:
but he started it!
Rita
margarita brocolia
May I be so bold as to interrupt this enlightening
The RE Frenzy over the past couple of years was a market anomaly--a perfect storm of cheap money; easy credit; an asset class understood by anyone who has played monopoly as a kid; an abundance of people who feared the stock market; and greed. Now it is over and we are experiencing a reversion to the mean..............
:clap_1: And imo, this is a good thing!
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