[quote=deadzone][quote=Rich Toscano]
But the main thing I remember from back then was that 90% of the bulls went straight to ad hominem. I could write some long article with data, charts, analysis, etc, and the entirety of the response would be, “You’re just a bitter renter.”[/quote]

So clearly you don’t read much on this site. Nearly every single response to my posts from SDR and FLU are the same ad hominem attacks you mention. “You have an axe to grind”, “You are bitter because you missed the opportunity of a lifetime”, etc. etc. Same tired, irrelevant attacks. Exactly what you described experiencing yourself. Strange to me how you support them today, quite ironic.[/quote]

Because you the “data” of what you bring is just plain wrong *most* of the time. And you even said it right here…

[quote=deadzone]…

And on to money laundering, what I am really referring to is all the cash purchases made by foreign buyers, (Chinese primarily, a lot of Mexican too in this area) who are investing in US assets to hide their money from their own
governments, whether due to tax or other reasons. This is very common but impossible to quantify.[/quote]

You even admit it, you have no data to back what you are “trying” to pass off as a fact. And you do this all the time.

Also, you keep trying saying this…

[quote=deadzone]
Meanwhile, Rich of all people calling me out for this? Seriously, I am the only active participant on this forum that is expecting a RE crash, of course it looks like I’m picking fights because there is nobody else here with that view apparently. Everyone else is so heavily invested in RE that they can’t bear (no pun intended) to hear it.
[/quote]

Maybe it makes you feel better to think this way, but it’s only in your alternative reality. Truth is, People who bought property 10-12 years ago, even with a correction now, will still be light years ahead. That’s 10-12 years of money put into their own equity instead of giving it to a landlord. Or 10-12 years of continuous positive cash flow… And 10-12 years having loans at the lowest possible rates for the next 15,30 years, if any at all. Or in some cases, having no loans because the markets were so good, that money made in one investment was cashed in to pay off debt and now have no to little debt.

Even with $0 appreciation, there was a heck of lot more benefits than not buying 10-12 years ago….No matter how you slice and dice what you think might happen now wrto a “correction”, that won’t change. Appreciation is just icing on the cake.

There’s 10-12 years of unwind that would need to happen to be at the same financial state as someone(s) that took no action 10-12 years ago. And even so, there’s 10-12 years of money given to a landlord for those that didn’t pull the trigger that they would need to make up versus 10-12 years of people that sunk the same money into their own property.

That’s the truth based on people’s financial state right now who pulled the trigger 10-12 years ago that apparently seems like bothers the heck out of you. And why you appear so combative and when people point this out, that whatever decisions you make now isn’t going to make up the difference that people made 10-12 years ago. So, I wouldn’t focus on trying to “get even” and be made whole from the past 10-12 years, since you’ll be disappointed… just focus on yourself to make your financial state better from this part on since what is done is done.