previously said: I always wonder what it is that makes someone who rents because they don’t have enough money to be a 500k house smarter than someone who has made millions of dollars investing. There have been so many in here who fit this critiquing wealthy investors for what they do. This is like a 36 handicap golfer criticizing Tiger Woods.
anyone who avoided buying a house in 03-07 amidst the deafening real estate blather and rented had to have had a fairly clear view of reality and a strong constitution. So, no, maybe not smarter, but stronger in some ways, based on an ability to go contrary what the herd said. doesn’t make one rich, doesn’t mean much in the overall scheme, really, but certainly doesn’t mean one is dumb for having stood their ground. it’s not like some claim that im richer than buffett or smarter than soros, just that, hell, I made one decent call in my life, and it was a tough call to make — middle class dude with kids resisting all kindsa pressure from all sides to buy a dmaned house. i take pride in that decision, that clarity, so, yeah, I’m cagier than a lotta dopes! just cause someone’s made a buncha money int he past means they’re any smarter than me!
