[quote=bearishgurl]
I’ve seen a couple of handfuls of posters on this board that fall into this category, ER. Here, a few actually believed that SD County properties in prime coastal zip codes would eventually be “half off” if they just waited long enough, lol.
If you try to knock some sense into them, you are accused of being a “permabull,” a “pollyanna,” a “realtard,” or worse, a “NAR lackey.”
We haven’t heard from some of these Piggs in awhile who were waiting for bargain-basement prices on the coast. It’s very possible that some decided to suspend their search or ended up moving away.[/quote]
I haven’t read this site long enough to know the personalities like other sites I’ve posted on. It’s only recently that I started posting more on this site. I enjoy some of the personalities and I find this site has some really intelligent posters. I’ve met a few of the Piggington posters in real life and so far all have been really articulate, intelligent and all around good guys.
BG, I wouldn’t take too much offense at what someone anonymous says on a message board. I’ve been posting on various message boards since the Internet started and one thing I’ve learned is many people will say things and act much different on these anonymous boards and some of them would never act this way or say things to your face in real life.
Back in 2004/2005/2006 I told anyone that would listen that the real estate market was going to crash in the USA. I told them all the reasons why once I started taking a good look what the derivatives market was doing and how these financial companies were packaging up this toxic debt and selling it off.
I liquidated my USA real estate portfolio in 2004 (admittedly a few years early) and even moved out of the USA.
I was accused by many people of being an idiot. Sure property prices did go up more for a few years. After all, it’s difficult to catch the absolute bottoms and absolute tops. For a few years people kept going on and on about how real estate was going to go up forever.
A funny thing. Once the market crashed, these people totally disappeared. The people that kept posting how it was “easy money” buying in Miami, Phoenix, Las Vegas, Southern California just vanished once the market crashed.
I also know people on the other side that kept thinking prices would fall forever. I didn’t follow this board back then so I don’t know the ones calling for prices to fall to 50% more in Coastal California but I certainly remember on sites like Patrick.net where several people posted things would keep falling, etc.
I didn’t enter the USA real estate market again until mid 2011 when I figured prices were at a reasonable price relative to rents. I only wish I bought more then. But I’m not stressed as there will probably be more buying opportunities and chances to get real estate cheap again.
I moved back to the USA in 2011. People like to rag on our government or the USA or say that things are going to hell. But I honestly do believe our best days are still ahead of us. After living outside of the USA for several years you begin to appreciate what we have here in the USA and the quality of life, lack of red tape, efficiency, and safety.
