Its interesting that this topic just came up because I was sitting around thinking about the same thing recently.
As glad as I am to finally see the market start to correct I
keep thinking about all the family’s that are pretty much going through hell as they go through foreclosure.

Seeing all this makes me happy that I stuck to my principles and fundamentals and stayed the hell out of this market.
Its not our fault that money was being given away and people were allowed to make one bad decision after another buying up these over priced homes.
Most home buyers were so entrenched in the philosophy that you have to buy now that even trying to mentioning that the market was about to change would bring heckling from the new genius home investors.
This whole real estate mess is just another great example of the importance of being an informed buyer. Those who were informed made lots of money and those that weren’t lost everything. I don’t know how many people I told to wait and not buy but they did anyway and are in a huge financial mess. Should I still feel bad for them?