A piggington theme

[Portlock]

I think JMW is doing a fine job, his comments may come across as callous, but he’s generally on the money.

[Portlock]

I think JMW is doing a fine job, his comments may come across as callous, but he’s generally on the money.

[patientlywaiting]

I’m with JWM in this case.

However, perhaps Piggingtons need a new marketing approach.

To me cheering the reset in real estate is positive. The economy will be stronger when normal folks can comfortably afford homes. Working folks will then be able to focus their resources on quality of life rather than real estate. We should be focusing on producing things that improve our standard of living, not sell non-productive, over-priced real estate to each other. What’s so bad about that.

It’s a glass half-full, half-empty kinda thing.

[patientlywaiting]

I’m with JWM in this case.

However, perhaps Piggingtons need a new marketing approach.

To me cheering the reset in real estate is positive. The economy will be stronger when normal folks can comfortably afford homes. Working folks will then be able to focus their resources on quality of life rather than real estate. We should be focusing on producing things that improve our standard of living, not sell non-productive, over-priced real estate to each other. What’s so bad about that.

It’s a glass half-full, half-empty kinda thing.

[drunkle]

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.

[drunkle]

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.

[San Diego Native]

beachlover

You certainly don’t have to apologize for enjoying the San Diego lifestyle for over 20 years and wishing to move forward again. We have friends who are in the same situation–long-time San Diego residents with great homes that were paid off long ago (even though we’re all only in our 40’s)and lotsa cash–waiting for the right time to move up again.

Like you, they are fully aware of the real estate situation in San Diego County, and are being very careful. They have everything they want, are grateful for what they have, and would never wish anything but the best for others.

Probably best just to ignore miserable people, and focus on advice from those who have achieved their ultimate goals. After all, they are the ones who have proven themselves in life.

Good luck in your quest!!

[San Diego Native]

beachlover

You certainly don’t have to apologize for enjoying the San Diego lifestyle for over 20 years and wishing to move forward again. We have friends who are in the same situation–long-time San Diego residents with great homes that were paid off long ago (even though we’re all only in our 40’s)and lotsa cash–waiting for the right time to move up again.

Like you, they are fully aware of the real estate situation in San Diego County, and are being very careful. They have everything they want, are grateful for what they have, and would never wish anything but the best for others.

Probably best just to ignore miserable people, and focus on advice from those who have achieved their ultimate goals. After all, they are the ones who have proven themselves in life.

Good luck in your quest!!

[temeculaguy]

Here we go again, “MOM, HE’S TOUCHING ME”

cash, when you wan’t to show empathy to someone, tell an ambiguous story and don’t name names, otherwise it is actually just another way to pick a fight. JWM can be a bully but you just baited him, you called him out in front of his peeps so you can’t complain if you get a black eye.

No nominations, no caps, everyone back to ther corners.

[temeculaguy]

Here we go again, “MOM, HE’S TOUCHING ME”

cash, when you wan’t to show empathy to someone, tell an ambiguous story and don’t name names, otherwise it is actually just another way to pick a fight. JWM can be a bully but you just baited him, you called him out in front of his peeps so you can’t complain if you get a black eye.

No nominations, no caps, everyone back to ther corners.

[patientlywaiting]

bleachlover, if you’ve owned your house more than 20 years, what are you worried about? It should be nearly paid off now so you can easily sell it.

Take the Piggington advice and rent for a while, then buy at the bottom. This real estate adjustment should benefit you because you’ll be able to get that “better” house for less.

Drunkle, I love the way you put it. 🙂 I wish I could write like that. Good writing that plainly puts it like it is.

[patientlywaiting]

bleachlover, if you’ve owned your house more than 20 years, what are you worried about? It should be nearly paid off now so you can easily sell it.

Take the Piggington advice and rent for a while, then buy at the bottom. This real estate adjustment should benefit you because you’ll be able to get that “better” house for less.

Drunkle, I love the way you put it. 🙂 I wish I could write like that. Good writing that plainly puts it like it is.

[cashflow]

Thank you TG for so eloquently explaining the pig. side of things.

Having just posted about foreclosure affecting 2 couples we know, I am not one to say I’m cheering on their demise. It is unfortunate, however both couples were living way beyond their means with no sense of financial responsibility, so we knew this was coming for a long time. Even having us to warn them and advise them against their spending/borrowing decisions, they continued living large.

This being said, it’s unfortunate that many people will have to learn the hard way to be responsible in their lives, but I can’t be totally sympathetic and forgiving of them when most were completely irresponsible. Again like TG said, this is at the cost of others. I am a Gen Xer myself and feel blessed that we got into real estate (and got out) when we were very young. However this is not the case for many of our friends. Like TG said, these couples are forgoing starting their families, etc, because they feel they should have a home first. They have been chasing the dream for years by saving, but still were not able to keep up with appreciation. You know how hopeless this can be.

Like others have said, in every correction there are losers, but there are also winners. Once prices come back down from the stratosphere, many first time buyers will be able to finally realize their dreams as well.

I think most that are experiencing a financial mess right now will also eventually be okay, and next time won’t be so irresponsible with their spending.

[cashflow]

Thank you TG for so eloquently explaining the pig. side of things.

Having just posted about foreclosure affecting 2 couples we know, I am not one to say I’m cheering on their demise. It is unfortunate, however both couples were living way beyond their means with no sense of financial responsibility, so we knew this was coming for a long time. Even having us to warn them and advise them against their spending/borrowing decisions, they continued living large.

This being said, it’s unfortunate that many people will have to learn the hard way to be responsible in their lives, but I can’t be totally sympathetic and forgiving of them when most were completely irresponsible. Again like TG said, this is at the cost of others. I am a Gen Xer myself and feel blessed that we got into real estate (and got out) when we were very young. However this is not the case for many of our friends. Like TG said, these couples are forgoing starting their families, etc, because they feel they should have a home first. They have been chasing the dream for years by saving, but still were not able to keep up with appreciation. You know how hopeless this can be.

Like others have said, in every correction there are losers, but there are also winners. Once prices come back down from the stratosphere, many first time buyers will be able to finally realize their dreams as well.

I think most that are experiencing a financial mess right now will also eventually be okay, and next time won’t be so irresponsible with their spending.

[gandalf]

Right now you are down and out and feeling really crappy,
When I see how sad you are, it sort of makes me … happy?
Sorry Nicky, human nature, nothing I can do,
It’s Schadenfreude! Making me feel glad that I’m not you!

– Avenue Q, Schadenfreude

[Author]

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