There are bubbles everywhere, and just about the only one indirectly benefiting me is the one in Palo Alto residential real estate. I bought my house in 1991 for about 15% of its current value, and the market could utterly crash around here and I wouldn’t feel a thing. The people paying five, six, or seven million dollars for a house (not a mansion………a house) could be deeply regretting their decision down the road. (more…)
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.
Unreal Estate
Well, my goofy-ass idea to short SRS (the ultra-bearish real estate ETF) based on its head and shoulders pattern is actually panning out, which means that real estate………of all things………..just keeps getting stronger. (Fun fact: I see signs around town for a real estate development company called, of all things, SRS).
Board the Real Estate Victory Train
It seems hard to believe, but real estate is still surging. If you want to take advantage of this in a somewhat curious way, you could short the ultrabearish-on-real-estate ETF symbol SRS, shown below. It is sporting an extremely clean head and shoulders pattern, which spells doom for SRS and good times ahead for real estate.
Vornado Bullish Breakout
Who would have thought a few years ago that real estate would once again be such a king, but it seems to be the case. One look at the ultrabearish-on-real-estate symbol SRS will put a chill through your spine, since it has fallen on a split-adjusted basis from $4,100 to, um, nineteen bucks. One particularly good-looking chart in this sector is shown below:
Homebuilders’ Failed Bullish Breakout
