Are we in a bubble?

[BillA]

Let’s try this again, my last post was taken down, checked with many admin’s they don’t know why. I always keep my posts respectful and no jabs at people.

The real estate market sales are at all time highs. Interest rates at all time lows. But what is driving this? I guess more people in the future will work at home and want to leave the city for the suburbs.

If you look at the FS forum, there used to be what I call some “good deals”, now all sellers asking pricing way above MSRP. NOT a dig on our grey market/resellers. Just a fact, look at the FS section.

High unemployment, new people apply each week apply for unemployment, 200K+Covid-19 deaths, and no end in sight. Polarized electorate with big election coming soon.

Where is this money coming from to buy these houses and watches?

[330ci]

Originally Posted by BillA

Let’s try this again, my last post was taken down, checked with many admin’s they don’t know why. I always keep my posts respectful and no jabs at people.

The real estate market sales are at all time highs. Interest rates at all time lows. But what is driving this? I guess more people in the future will work at home and want to leave the city for the suburbs.

If you look at the FS forum, there used to be what I call some “good deals”, now all sellers asking pricing way above MSRP. NOT a dig on our grey market/resellers. Just a fact, look at the FS section.

High unemployment, new people apply each week, 200K+ Covid-19 cases and no end in sight. Polarized electorate with big election coming soon.

Where is this money coming from to buy these houses and watches?

we just pumped trillions into the economy, Wealth has never seen such an unequal distribution, and those who have money and investments haven't really suffered at all during this time. it's been the people with minimal savings, likely no portfolio or other investments and 9-5 jobs in hospitality services that have mainly been affected

pair that with the fact that noone can get evicted until early 2021 at this point and there's no reason for the market to collapse. Everyone has extensions right now. It's going to be a while still until reality hits and the inevitable happens. Right now everyone's doing what they can to keep economies relatively stable.

[Patton250]

The underlying principles of our economy are very strong and that has got us through Covid and will lead to a quick recovery that’s already starting to happen. That very well may change next year but hopefully it won’t. I hope we stay the course. But as long as we are doing what we are doing lots more people have moved from the middle middle class to the upper middle class. When the upper middle class grows more people buy luxury items and nicer houses.

[Maxy]

Originally Posted by BillA

High unemployment, new people apply each week apply for unemployment, 200K+ Covid-19 cases and no end in sight.

200K+ Covid-19 DEATHS.

Cases are over 7 million!

[fskywalker]

Yes forums seems to be a bubble in general, not representing typical watch buyers (or any other thing) in general


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[77T]

This being a global forum, and Rolex a global outfit, it has nothing to do with US Real Estate IMHO.



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[Maxy]

[Patton250]

Originally Posted by Maxy

200K+ Covid-19 DEATHS.

Cases are over 7 million!

Yes and over 10 million flu cases in the same period of time last year. Well at least the cases that were recorded. The CDC says it’s probably a lot higher than that.

[DLRIDES]

The COVID “hype” has accelerated the separation of economic classes. There will be no return to the former, and the next incident that can be used to falsely scare the public with have an even greater effect.




COVID has had many positive affects on the health and well being of the public though.

Influenza A and B seem to have been magically cured !

Heart attacks and strokes have been radically reduced !

Etc

Etc

Etc

[Dan Pierce]

Originally Posted by Maxy

200K+ Covid-19 DEATHS.

Cases are over 7 million!

Yes, an important correction. This is only the beginning.
dP

[superdog]

I believe that yes. We are in a massive bubble.

Not certain it’ll ever pop. But certainly in a bubble nevertheless.