I know some pretty dumb people who bought during the bubble who are upside-down, one in particular 100k and another one about 200-300k and a realtor who is about 350k in the hole.
Gosh I feel so stupid renting.
Also, what if you own AND rent. I know someone who owns in Hillcrest and rents in LJ so the kids go to a better school.
I’ll also add I own properties (some in CA) and a condo in NJ, but I rent here.
There’s a few people I know who have been renting all through the bubble and banking/investing and have amassed more money than those who “bought” who have mostly amassed debt.
Lastly, whoever would start a thread like this seriously needs to evaluate who is dumb.
