To question the validity of this blog is to question the thought process of our country in general. Yes, there are a bunch of members that appear to be bearish on the real estate market. This doesn’t make it wrong per se, but rather lends further credence to the fact that “birds of a feather flock together”. With that said there are many members of this blog, though they are likely a minority, who are more bullish on real estate.
I will not re-hash the sound statements made by Bugs, Hippmatt, Rustico, and NSR. I will only continue to state the obvious. The members of this blog are a cross-section of our country. Many of them, including myself, do not wish ill-will on anyone who is suffering from the current real estate meltdown. All they are seeking, and rightfully so in my opinion, is justification for deciding not to participate in the previous real estate bubble. Others may come across as crass by exclaiming that they can’t wait to see property owners burn at the stake. I think a great percentage of this fervor can be attributed to the anonymity of the internet.
We don’t want to see people suffer, we don’t want to have a government bailout. All we want is for real estate to come back to a level that is more in line with other leading economic indicators, such as income or wages.
