The thread titile is a rip btw
For debate's sake lets throw housing values into the wayback machine to say 1973 or so
valuation in the subjective sense , Joe average is able to keep a roof over the wife & kids heads on his solo blue collar job
the objective valuation would gauge it differently, housing starts, construction jobs, real estate market, even quintile mobility
playin' devils advocate, let's say housing plumets in valuation, Joe's kids are able to pick up foreclosures and/or tax sales ,(owners walking away under water) pennies on the $....
extreeme example, but no valuation renissance save for that on paper.
In any rise/fall valuation scenario, i often would about bizillions of $$$ just going 'pffffft' , because i think of it as energy not being able to be destroyed, just changed....
~S~
For debate's sake lets throw housing values into the wayback machine to say 1973 or so
valuation in the subjective sense , Joe average is able to keep a roof over the wife & kids heads on his solo blue collar job
the objective valuation would gauge it differently, housing starts, construction jobs, real estate market, even quintile mobility
playin' devils advocate, let's say housing plumets in valuation, Joe's kids are able to pick up foreclosures and/or tax sales ,(owners walking away under water) pennies on the $....
extreeme example, but no valuation renissance save for that on paper.
In any rise/fall valuation scenario, i often would about bizillions of $$$ just going 'pffffft' , because i think of it as energy not being able to be destroyed, just changed....
~S~