[quote=JohnAlt91941]
A lot of houses going for 500k during the bubble are down about 50% now. Maybe he isn’t an idiot, but he’s certainly not the sharpest knife in the drawer to fritter away hundreds of thousands just because he could afford to.[/quote]
You don’t know where he live, so how can you make the assumption that he lost hundreds of thousands. Buying in the bubble years doesn’t mean buying at peak either. Do you consider all the people who bought stocks in 2008, 1999-2000 not the sharpest knives in the drawer too? How about people who didn’t buy stocks in March 2009?
