As they say, long-run the market makes money…and in the long run we’re all dead. I’m 38, so I believe I need to make plans like this thing will come back in the long-run.
On your thoughts; I think (1) will rarely happen, (2,3,4,&5) what will or can we do about it? I like to think we’re going to have another round of revolution before it’s over. Those that want to work are tired of taking care of those that don’t. I keep asking those that are in favor of what’s happening in Copenhagen 3 questions and I can’t get answers. They are: 1. Why not go nuclear and wean ourselves off oil. Much cheaper than what is being proposed in Copenhagen. 2. What’s our starting temperature? 3. Why weren’t we warming throughout 50’s, 60’s, and 70’s. Of course, we can’t get answers, just more ideas to put obstacles in our way. On your 6) I think 15-20% down is a good target and skin in the game is always good, even thought it’s painful for me at times! On 7) See my age above and know why I am looking to get into this business and out of building and selling houses. Maybe I can’t wait it out and go under, or maybe I do nothing and go under. Either way, I’m not the kind of person who can sit still for very long!
I will say this in closing; it’s nice to get on a forum with like-minded people and by like-minded I mean those who enjoy work and enjoy helping others with their work. It’s been a fresh change from what I’ve been through in the past year.
Cheers to all!