There’s a pretty sizable percentage of owners on this forum – people who bought pre-bubble and have little exposure to equity losses. There are a number of other regulars who rent now because they were smart enough to sell while they still had equity.
Whether it’s gloating (your view) or scheming for the next opportunity (our view) is irrelevant. The market isn’t tanking because the subject is under discussion on the various blogs. The subject is under discussion on the various blogs because the market is tanking. Only a moron would think that this market is going down because of negative press.
“Wishing” for the market to tank or wishing for it to not tank is equally effective, which is to say, it’s a complete waste of time. The market will correct because it got distorted and it must correct. Action-reaction. No amount of singing Kumbaya or dancing around a fire and chanting magical incantations is going to change that.
You’d be better off spending your energy dealing with what is than wasting that energy complaining about the people who correctly forecasw this happening before it did.
