Of course, powayseller. And I have been telling people that it is stupid to buy since early 2003. Prior to that I owned a house and felt lucky to get out when I did.
We all know that you can’t save the American consumer from him/herself, however. They might listen to me about the house (NOW..not the last three years, though, as all those smug retards had their day, so they thought) but as all recovering crackheads eventually return to the pipe, all debt-crazy Americans will find their way to ruin themselves financially one way or the other.
BTW, powayseller- I have always enjoyed your posts. Mine always rub people the wrong way. As someone who is known for his ability to get things done, come hell or high water, my opinions may not be popular but my approach is often appreciated by those who benefit from it.
I post very infrequently, but I am truly enjoying seeing this whole thing “roll over”. (And with very little in the way of bad news causing it…I am encouraged that we will see drops of 50% happen more quickly than any of us thought imaginable.)
