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No. of Recommendations: 1
So far I don't see anything unusual. The sky is always falling, conditions are always changing. The future is uncertain and always different than the past.

People who borrow more than they can afford (credit cards/mortgages) get squished. People who don't do their research (ex. exercise options w/o a plan to cover taxes) and follow the latest hot fad (ex. housing speculation/investing too much in money losing companies) get squished.

Long term investors who buy value and can sit out a few bad years do well.

Lot's of people made lot's of money following fads, those who got hurt were those who didn't know it was a fad. People who played the Beanie Baby market and kept a low inventory probably did ok. Those who thought Beanie Babies had real value and collected them to build a nest egg, didn't.

For those sitting on the side when prices drop 20% and it comes time to purchase, will the price be higher or lower than today?

The condo I thought was incredibly expensive for $45k in 1976, and then bought for %55k in 1977 dropped 30% during the 90's real estate crash, I could have picked it up at that time for only $97k.

As always, the best time to plant a tree was five years ago.
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