Charlie wrote in post #18544790
I bought my home like 5 years back or so at the lowest of the recession... bought for 450, worth probably 800 by now....
waiting for another correction..
Hehe yeah you bought at the right time.
Things look a lot like 2007 right now...probably worse actually. Equity markets and housing markets have enjoyed a 10 year boom, but the entire economic 'recovery' was propped up by cheap money policies that have created another debt crisis that's touching every part of the global economy. Consumer debt, student loan debt, public sector debt, Chinese debt, etc etc it's all a house of cards and when any one of these pieces falls it will cascade throughout the entire banking system again. Everyone knows its coming as the fundamentals are telling, but no one knows when it will happen or what will be the catalyst.