It’s not the “schadenfreude” for me …. I take no pleasure in people in possible bad financial straits, no matter what their story or motivation.
For me, it’s just that the changing of momentum in the real estate market is interesting to watch. Seeing how the confluence of group psycology, economic optimism, boosterism and “creative financing” drove prices up has been interesting as heck — and watching these same forces in reverse is also going to be awfully interesting as well.
As a homeowner myself, I hope it doesn’t get too bloody.
