one thing I don’t understand about Piggington’s why is it everyone loves bad news?
Do my wife and I love reading “bad news” about falling home prices in America..
My answer, said with a *Jack Nicholson Grin*:
YOU’RE DAMN RIGHT I LOVE READING ABOUT REAL ESTATE PRICES GOING DOWN THE TOILET!
🙂
My wife and I bought a home we could afford, in San Diego. We then saw a real estate market go insane with speculation. We sold. Greedy friends made fun of us for selling, and gave us their unsolicited “advice” for years about how we are missing out on all the future appreciation, blah blah blah. Ahh, but that anticipated additional appreciation never came.
We practice fiscal responsibility. We don’t need bailouts, and don’t go begging US taxpayers for them either. Essentially by taking our half-million out of our home we bet that PRICES WILL FALL. We did it by selling and putting money in other investments.
To renters, news on falling home prices isn’t “bad news” but instead is GOOD NEWS, and we don’t apologize for that perspective.
I want home prices to fall. I want to see “blood in the streets” and homeowners stunned stupid at how much they have lost in equity.
