My only point with my post as of late is to bring light to the fact that the people who are most angry are those who missed the boat.
I just don’t think that many people were “prudent”. I think most just missed the timing. I still feel that if most could go back and do it all over again, they would get as many properties as they “Could not afford”, neg/am them and make a mint.
I love this site. I read it all the time. I just get tired of all the self righteousness and people posing as prudent buyers. When someone who made a mistake in buying post here looking for help with an issue, a lot of the post are just smug.
I agree that what happened in housing was madness, but to quote Proximo from Gladiator “and the great whore shall suckle us until we are fat and happy and can suckle no more!” This is what happened. Now we are supposed to pay for that. That is capitalism, but the cost would ruin us financially as a nation(arguably). Thus, the bail out.
I like what Rich said in his recent article (paraphrase) “The Fed feels as if it has to keep us from any recession”. Recessions are good. It keeps us fit. One of my places is in “Big Bear” They never allowed a fire 100 years. That strategy is now ruining the forest.
P.S. Sdrealtor, how do you have time to post so much. Rich had better start paying you.
