[quote=flyer]Having been in real estate investment most of my life, I had never seen anything like what we experienced during the years you mentioned sdgrrl–and that’s why I first joined this forum–to learn what other people were thinking–especially Rich who had the insight to sound the alarm when no one else would. Lots of very interesting posts during those years.
It’s true, some people lost their shirts during that period, and it was sad to witness the ridiculous (lending among other) policies, processes and mindsets that made that possible, as well as the apocalyptic aftermath, but some of us stepped back, took a breath, held on, and got through it–especially since many of us had purchased our properties many years prior to the meltdown.
Then, and in some ways, sadly, the crash did bring another round of great buying opportunities, so now, here we are, with real estate at new highs (for the moment) and hoping everyone is well positioned for the many economic challenges I believe still lie ahead.[/quote]
I remember you well and hope all is well.
Yeah, it was just insane at that time. For me, I could feel it in my bones, feel it in the air.
I remember being jealous, because so many people I knew were buying and I couldn’t see how I could afford it; the 20% down. Then it hit me that no one could really afford it. I started googling for articles and stumbled upon Rich’s site. I felt so vindicated what was in my gut.
I wish i could have bought in 2010’2012, but wasn’t in the position to do so. I’m a homeowner now and am not too worried. We bought what we could afford and plan to stay there until Florida calls.
