The 401k and the housing market beliefs bring up an interesting point. What many people are doing is stating a preference for a market that never declines in value. What would such a world look like? Housing prices always increasing at the rate of inflation and the stock market always increasing at maybe 7% per year. But that takes away ALL the great opportunities. The best time to buy stocks is when they are undervalued based upon their future cash flows. That is most likely to happen at the bottom of a stock market. The best real estate is a function of both time and place. Housing booms and busts bring opportunities too . me? I prefer the real world of booms and busts.
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