Economic Pessimism Growing in U.S.

Re:Economic Pessimism Growing in U.S. by lumost on Tuesday May 31, 2022 @03:29PM (#31573811)

Housing has risen some 40% over the last two years, while this is certainly insane. If the trend continues the downside risk either becomes massive - or a mere 30% correction becomes inconsequential to the principal balance.

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Re:Economic Pessimism Growing in U.S. by baskethead on Tuesday May 31, 2022 @03:44PM (#31573979)

My house almost tripled in 8 years. I made $2 million profit from selling my house last year.

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Re:Economic Pessimism Growing in U.S. by adamsmith143 on Tuesday May 31, 2022 @04:01PM (#31574218)

And you did what, moved into a van down by the river or moved into another overpriced house immediately after?

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Re:Economic Pessimism Growing in U.S. by lumost on Tuesday May 31, 2022 @05:50PM (#31575387)

If they owned multiple properties, then they needn’t move down to the river to liquidate the 2 million.

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Re:Economic Pessimism Growing in U.S. by fzzzy on Tuesday May 31, 2022 @05:07PM (#31574965)

Good to see Adam Smith commenting on hacker news

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