[quote=spdrun]I’m not terribly empathetic to people who buy into bubbles hoping to make a quick buck. I’m quite empathetic to many other people. Can one have selective sympathy?
Thing is, people who buy a house, look at the numbers, and have them make sense probably won’t get burned since the long-term trend is up. Same with people buying diversified stock portfolios and holding long term.
I didn’t create the bubble-and-bust cycle. If I were emperor of the world, I’d probably get rid of it, but I’m not, so I hope to play it.[/quote]
There’s a huge difference between
(a) being indifferent for people who make bad financial decisions, but nevertheless trying to profit off a good deal that results from it…
versus
(b) actually enjoying seeing people eat shit and hoping people eat shit… just for the sake of seeing people eat shit to boost one’s ego in his/her viewpoint or conviction…
In (a), it’s a pure financial transaction. One does it because the opportunity is available, and one takes it to financially benefit from it.
In (b), one want people to lose their financial security (whether it’s a business or a job), take pleasure in seeing people lose their financial security, and if it really were up to oneself, would probably make that person lose his/her financial security, and rub it in all at the same time…Even those who are just as financially responsible as you yourself proclaim you to be, because in one mind, that’s the only way one can get ahead relative to everyone else.
(a) is business, not personal.
(b) I’m not sure WTF it is besides unnecessary ax grinding. And it definitely isn’t “venting against establishment” to effect change. I don’t think any sane person would interpret that to be as such…
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Let’s put this in perspective. If some lady posts on this blog that she purchased a rental property in Texas, had a lot of trouble managing it, and had to sell it at a loss, what would one’s initial reaction be?
(a) Since one can’t possibly financially benefit from this, indifferent. Maybe curious as to what happened, maybe some suggestions on the future…etc
or
(b) Laugh, rub it in, without even knowing the details….Because one takes pleasure in seeing others fail.
