Are we in a recession?

[Moontrane]

No, not in recession, but pick your market index and you'll see that they've been going sideways for two years.  This is Bidenomics.

[Moontrane]

https://en.wikipedia.org/wiki/List_of_recessions_in_the_United_States

Wiki for the fail.  A two-month downturn is not a recession.   We did, though, have a recession the first half of 2022.

https://www.bea.gov/news/2023/gross-domestic-product-fourth-quarter-and-year-2022-second-estimate#:~:text=Real%20gross%20domestic%20product%20(GDP,real%20GDP%20increased%203.2%20percent.

[Mayday]

it’s not Bidenomics.

Part of Monetising debt involves sucking liquidity out of other assets and forcing it into assets you want bailed out (ie higher valuation).

Property is the largest market on Earth and dwarfs everything else. This is sucking liquidity out of other assets in order to drive valuations up. Hence you see equities go sideways for a period during the inflationary cycle while the bailout occurs.

Recession was in 2022. We are not in a recession now but people continue to make up new ways to try and make out like we are.

[honest]

it’s not Bidenomics.

Part of Monetising debt involves sucking liquidity out of other assets and forcing it into assets you want bailed out (ie higher valuation).

Property is the largest market on Earth and dwarfs everything else. This is sucking liquidity out of other assets in order to drive valuations up. Hence you see equities go sideways for a period during the inflationary cycle while the bailout occurs.

Recession was in 2022. We are not in a recession now but people continue to make up new ways to try and make out like we are.

So if you were going to buy property you would buy it now ? or would you wait three years when some analysts believe supply will eventually catch up with demand and over compensate, my thinking with that is if property goes up 30%in that time  then corrects 20% your still better off buying now.  ??

[Mayday]

So if you were going to buy property you would buy it now ? or would you wait three years when some analysts believe supply will eventually catch up with demand and over compensate, my thinking with that is if property goes up 30%in that time  then corrects 20% your still better off buying now.  ??

Firstly I sold straight out of lockdown and went eye watering max leverage in August 2020. So my decision making and strategy tagged the lows and went all in just to give perspective. So i went max risk in 2020 and it gets easier for me as time moves forward.

Shortages ongoing to 2030 or so. Shortages drive inflation, those analysts are wrong. Track record those guys and they’ll be all over the place, never right. We just started inflationary wave 2 which none of them would have any idea about.

Property correction is already done. It’s in the next leg up now and I have 2025 as +20% prior peak. IF you have rate cuts in 2024 property will go bananas.

FWIW a property worth 380k in 2019 I have as 1,036 in 2030.  Buying now there is room to go double but you still need to pick correctly. It’s all about cash flow so ensure you can handle 10% rates.

The main factor here is buy today and in 6yrs your mortgage is half its relative value. Or if you have 100 IQ, over think everything, claim we are in a recession when we are booming, claim the USD is collapsing when it’s at a 20yr high etc etc.

[honest]

Firstly I sold straight out of lockdown and went eye watering max leverage in August 2020. So my decision making and strategy tagged the lows and went all in just to give perspective. So i went max risk in 2020 and it gets easier for me as time moves forward.

Shortages ongoing to 2030 or so. Shortages drive inflation, those analysts are wrong. Track record those guys and they’ll be all over the place, never right. We just started inflationary wave 2 which none of them would have any idea about.

Property correction is already done. It’s in the next leg up now and I have 2025 as +20% prior peak. IF you have rate cuts in 2024 property will go bananas.

FWIW a property worth 380k in 2019 I have as 1,036 in 2030.  Buying now there is room to go double but you still need to pick correctly. It’s all about cash flow so ensure you can handle 10% rates.

The main factor here is buy today and in 6yrs your mortgage is half its relative value. Or if you have 100 IQ, over think everything, claim we are in a recession when we are booming, claim the USD is collapsing when it’s at a 20yr high etc etc.

I just had my best year ever, and this year is tracking similar sales are down but inflation holding the numbers up, when that volume comes back next year or two, and I have that volume with that value, happy days. Your position is just supporting my own.