It is unfortunate that the posting had to turn into a pissing contest between renters and homeowners. Renting is best for some people and buying is best for others. Unfortunately those that rent seem to feel compelled to defend the position by insisting that buyers made a bad investment. We even had a brain surgeon talking about how real estate investors in China and Russia did. More laughable posts. Meanwhile some of the buyers had felt that the best defense was to flame the renters….
I guess everyone has to defend their turf. It is kind of funny though right? How can anyone compare? Some of us have had great landlords and some of us have had crap landlords. Some of us have bought great homes and some fixers? While there is a generic lifestyle difference that can be used as kind of a boilerplate comparison, we all look at the boilerplate through our own sunglasses. Brian looks at through is red glasses and Bluehairdave probably looks at it through his blue glasses.
If buying isn’t for you then don’t buy. If venting on buyers by telling them they made a poor investment and prices are going to be significantly lower in the future then go for it. I am all for improved mental health. When interest rates are sky high, you will be quite correct.
Maybe that happens in 2012 and maybe it happens in 2020. I guess we will see.
Similarly I don’t see the shortage of organic buyers that you see Deadzone but that is your opinion and we can agree to disagree. As for the 27% down number you spoke of, well that is a nic number. I don’t see prices down 27% nor do I see inventory up 27%. Pricing and inventory move slower though so hopefully those numbers will move in the direction you want them to.
Also lets not forget that national, regional, state, county and even city numbers are kind of meaningless. Focus on your submarket and look at the numbers there. Maybe they are better or worse then the 27%.
