mmbuyer good responses. I am glad you did not bail on the post.
I posted about an experiment that I performed once where I had 3 engineers in my office come over and read piggington for awhile. These are bright guys, 2 are renting, one owns his home free and clear. They did not view all of the posters as losers but they did feel there was a strong negative bias here, not just about housing but pretty much about everything. In some cases they felt the bias was quite extreme.
Now my read on this post is that while the bias may be quite negative, I think the jury is very much still out on things. While it seems things have taken and will take longer then expected for the sky to fall, it may still indeed fall. Will it still be confined to housing and will it be a major economic recession? Quite possibly.
I don’t want to detour this thread into a discussion on whether people are right or wrong.
I do want to say that there is an outward pessimistic tone, and some of the posters can be brutal and make light of peoples wives who want a home. However many of these same posters also back up thier posts with facts and they do have insightful analysis. There may be a bias but I think time will bear them out to be for the most part correct. By the same token as you can see there are posts that are pretty off the wall and are clearly made just to get a rise out of people. Those are the ones that really are not worth the time of day.
Hang in there mmbuyer. It sounds like our wives may be the same. Mine works really hard, does not overspend, she doesn’t want or need the million dollar home, nor does she want me to be strapped with a payment that will bury us… she just wants a home.
