General Discussion
In reply to the discussion: Happening right now @Remove_TrumpNow has shut down Constitution Avenue in DC near the Capitol and i [View all]oldsoftie
(12,553 posts)because i see a downturn well before the end of the next term. If trump is in there, then HE gets the blame for the disaster. He's already doing what he slammed Obama for doing & has even suggested negative rates because he's such an idiot. So it cant go on forever. Hopefully i'll see it coming & sell my 401k before it drops TOO far!!
I see many of the same things i saw in my area in the mid 2000s; everyone with a pulse is a "contractor" building over priced houses. Sure, people are moving here, but if 1000 people move in & you've built 3000 houses, you're in trouble.
Auto loans are now going 7 yrs and longer. people WILL default on them when they tire of the car & see they're constantly upside down on value. Its going to come before the housing drop, I believe.
We'll see.
Meantime, I'm going to work every day regardless. And i'll cast my vote in Nov!!