“I’ve seen my fair share of people who like to focus on so much negativity, that their view is the entire world is crumbling and they just don’t motivate to do anything. They’d rather wallow in misery.. It’s no different than those idiots that believe the party will never end..

I don’t think that is the message we are sending here at all. (Watch an hour of the nightly news and you’ll feel like it though) One of the primary goals of this site is to provide un-biased housing data. Having read the data, many of us develop opinions that are perceived as doomsdayers, but often by those who have and would continue to benefit from a continued run-up in pricing.

We argue the run-up is over, and prices are coming down. The data certainly doesn’t indicate anything less, though other interpretations of it do. That is not wallowing in misery or claiming the world is crumbling. It’s just perceived as negative to the homeowner sitting on negative equity, when we say prices will fall.

Not everyone here is sitting on millions in other assets, so many will benefit from a decline because we have not made poor choices.

Hoping for a significant correction in prices is no different than hoping the penny stock you bought will increase ten-fold overnight. The difference are the side effects, i.e. people losing their homes. That’s unfortunate yes, but so is making responsible citizens bail out those who made poor choices.