People never learn.
The Latest Housing Bubbles
Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
Miami’s Vice
Straw, Sticks, and Bricks
Of all the ETFs I follow, I think the homebuilders are the most primed for a long-term follow. It is absolutely crushed against its long-term resistance trendline.
ETF Focus: Real Estate
Real estate and homebuilding stock have been remarkably strong lately. The very long-term patterns suggest that prices are very elevated right now, but in the short term, they have been astonishingly robust, with the home construction fund ITB at record highs.
Rationalizing Lunacy
There is one realm of my life in which I feel an utter kinship with equity permabulls: Bay Area Real Estate. See, most of my net worth is based on it. My cost basis is very, very low, because I bought it cheaply a long time ago, and for my entire adult life, all I’ve heard about is how overpriced it is, how it’s going to crash, and how stupid I am not to sell it Right This Second. So, believe me, I have a certain amount of sympathy for owners of, say, NVDA or AMZN listening to yo-yos like me telling them to dump their shares ASAP and being wrong forever.
I thought about this because of a recent full-page ad that appeared in our local paper for a real estate firm that put together an ostensibly objective study about prices in these parts. I’m going to share it below and then say a few words afterward………….
