You sound happy that a lot of lives are going to be ruined. This will be very painful for a lot of people. The only bright side that I can see (other than selfish gain) is that people will learn a valuable lesson. Hopefully we will not see another bubble like this for a while (wishful thinking).
Bubbles are bad for economies. The irrational volitility they create make it very difficult for a prudent intelligent investor to make sound decisions.
I hope a lot of the people who get “cut” by this falling knife, are young enough to recover and smart enough to apply the lessons learned.
Let’s get back to viewing a home as “shelter” instead of an investment.
