I for one am getting richer with every tick down in the market and I can thank my lurker days on this site for aiding in my decision. My income, like many, is stable so with each 10k or 20k reduction in the price of homes, my future monthly disposable income goes up. 2 years ago I was walking around woth a chunk of change to put down on a house and I had owned homes for 20 years so I thought I was supposed to buy and was about to take on a 3k mortgage but lurking here prevented me. A year ago I could have gotten the same house for 2500 but my fellow piggs talked me out of it, four months ago they did it again at 2k, now I can get a nicer house for 1500, yet I sit. Most of the properties I was looking at over the summer have been reduced 25% in the last six months. When you look at all the constant expenses (utilities, food, clothing, savings, vehicle) and you cut your housing expenses in half, you are richer. A lot of flippers got rich 3 years ago, why can’t us reverse flippers get rich now? This renting thing ain’t half bad anyway. I have a nice place, I have money coming out of my a**, I pay cash for everything, I always buy my employees lunch and I always buy the drinks with friends, yet I’m the only renter and I still save more than ever before. Every day I go to redfin and see how much cheaper the new listings are or how much previous listings have been reduced. This is a blast. In the end, Tony Robbins is going to have to pay retail for my book, “getting rich through apathy” or “Zero habits for highly effective people.”
