sure. if home prices maintained or continued inflating, it’d be great. you’d be a paper millionaire without having lifted a finger. how great is that? college grads, kids who are just joining the work force… meh. screw em. push them out to temecula or alpine or borrego and make them commute. make them drive 2 to 4 hours a day in order to come in and work serving the equityaires. they’re too stupid to buy, they’re too stupid to not have been born rich, that’s their own fault.
yeah, keep that pyramid going forever. nevermind if the supply of “home buyer’s” evaporates, make the fed print more money. dumb fcks in idaho who have low housing costs should have to pay via taxes and inflation to support the brilliant equityaires in san diego.
i can’t continue, the idea that home prices should continue ballooning is utterly retarded. there’s zero benefit to it, if you had a brain and thought about the long term consequences, you wouldn’t be asking such a dumb question. the housing orgy and the subsequent bust have massive potential for disrupting the global economy. think about that. think about the problems that these people have caused.
but it’s not about the people who are suffering. it’s about the market correcting. callousness towards someone featured in some fluff news piece is completely impersonal and tangent to the issue. even knowing people who bought in at the wrong time (which i do), they made a mistake and they’ll pay for it. everyone makes mistakes, honest people pay for it. smart people learn from it. that’s life. the market correcting sooner rather than later is just plain prudence. what would you rather have, a little pain from iodine or fricking gangrene?
cashman: a lot of “little people” were sucked into the housing orgy. they were jealous of “other people’s success”, “listened and learned from them” and wanted their slice of the pie. seems like you’re doing exactly what you spurn, debasement of people suffering personal tragedies. get over yourself.
