No, actually I don’t feel sorry for them at all. As a current landlord and potentially even more so in the coming years, I do hope rent keeps going up… In fact I hope it skyrockets….
Personally, my living costs are going down with the ever decreasing mortgage rates and generally paying down the loan debt…Meanwhile, my income definitely is staying steadily if not gone up a bit during this time, as I have tacked on more passive income… (I was able to gain 1 rental property from this meltdown…And possible more in the future)…
And relatively speaking, stupid people that did stupid things for the matter have to deal with their consequences these days. They’re starting to finally get foreclosed on… They get to pay for higher rent now…to people like me…And a lot of them, the credit spigot is now off. They’re gonna miss out on the these killer cheap credit that will enable responsible people like us to grow our net worth…..
For the first time, I actually think people that have been financially responsible are starting to get the upper hand…,
Cheer up folks…It’s not all that bad for people that’s been responsible.
