For all you prudent renters

[JWM in SD]

No idiot, thank you for subsidizing my living costs and allowing me to save considerable money instead of being saddled with a large mortgage and little or no savings.

Thanks to you homedebtors, you made it all possible…I couldn’t have built my net worth to where it is in the past three years if hadn’t been for you suckers..er, I mean homeowners.

[patientrenter]

JWM, RatherOpinionated specializes in baiting, not so much objective discussions. Generates a lot more heat than light. Not worth feeding this guy’s habits.

Patient renter in OC

[patientrenter]

JWM, RatherOpinionated specializes in baiting, not so much objective discussions. Generates a lot more heat than light. Not worth feeding this guy’s habits.

Patient renter in OC

[patientrenter]

JWM, RatherOpinionated specializes in baiting, not so much objective discussions. Generates a lot more heat than light. Not worth feeding this guy’s habits.

Patient renter in OC

[patientrenter]

JWM, RatherOpinionated specializes in baiting, not so much objective discussions. Generates a lot more heat than light. Not worth feeding this guy’s habits.

Patient renter in OC

[patientrenter]

JWM, RatherOpinionated specializes in baiting, not so much objective discussions. Generates a lot more heat than light. Not worth feeding this guy’s habits.

Patient renter in OC

[SD Realtor]

RO and MPO,

I think it is good to have other points of view on the site.

Bear or bullish sentiment, I am always curious to see that alot of emotion always seems to bubble up so to speak in many posts. Bitterness or not, trying to keep perspective is important and trying to keep things factual or near factual based on some analysis is always helpful.

I actually do not think it matters if people are bitter or not. You can call them bitter renters or call me a bitter renter ((I do rent even though I own a couple places) oh yeah and I AM MUCH MORE BITTER for not going to Broadcom pre-IPO in the 90’s when I had a chance then I am about not leveraging on RE) The mentality and behavior of posters may be driven by personal or emotional matters, however if this depreciation cycle is to act temporally like others in the past then it would be a no brainer to admit we have a long ways to go. Thus the bearish sentiment (whether driven by bitterness or not) is accurate wouldn’t you say?

I know the point of this post is not to discuss how far into the depreciation cycle we are, or whether you think it is just starting or near over or anything like that. However, the tone of the post does seem to be somewhat inciteful. Look, if there is A SINGLE PERSON who does not have regret about a decision made or opportunity missed, then crown that guy king

or name him Tom Brady

however we all live with those missed chances. I am not sure that it is fair to paint every poster here that is bearish with that brush.

SD Realtor

[SD Realtor]

RO and MPO,

I think it is good to have other points of view on the site.

Bear or bullish sentiment, I am always curious to see that alot of emotion always seems to bubble up so to speak in many posts. Bitterness or not, trying to keep perspective is important and trying to keep things factual or near factual based on some analysis is always helpful.

I actually do not think it matters if people are bitter or not. You can call them bitter renters or call me a bitter renter ((I do rent even though I own a couple places) oh yeah and I AM MUCH MORE BITTER for not going to Broadcom pre-IPO in the 90’s when I had a chance then I am about not leveraging on RE) The mentality and behavior of posters may be driven by personal or emotional matters, however if this depreciation cycle is to act temporally like others in the past then it would be a no brainer to admit we have a long ways to go. Thus the bearish sentiment (whether driven by bitterness or not) is accurate wouldn’t you say?

I know the point of this post is not to discuss how far into the depreciation cycle we are, or whether you think it is just starting or near over or anything like that. However, the tone of the post does seem to be somewhat inciteful. Look, if there is A SINGLE PERSON who does not have regret about a decision made or opportunity missed, then crown that guy king

or name him Tom Brady

however we all live with those missed chances. I am not sure that it is fair to paint every poster here that is bearish with that brush.

SD Realtor

[SD Realtor]

RO and MPO,

I think it is good to have other points of view on the site.

Bear or bullish sentiment, I am always curious to see that alot of emotion always seems to bubble up so to speak in many posts. Bitterness or not, trying to keep perspective is important and trying to keep things factual or near factual based on some analysis is always helpful.

I actually do not think it matters if people are bitter or not. You can call them bitter renters or call me a bitter renter ((I do rent even though I own a couple places) oh yeah and I AM MUCH MORE BITTER for not going to Broadcom pre-IPO in the 90’s when I had a chance then I am about not leveraging on RE) The mentality and behavior of posters may be driven by personal or emotional matters, however if this depreciation cycle is to act temporally like others in the past then it would be a no brainer to admit we have a long ways to go. Thus the bearish sentiment (whether driven by bitterness or not) is accurate wouldn’t you say?

I know the point of this post is not to discuss how far into the depreciation cycle we are, or whether you think it is just starting or near over or anything like that. However, the tone of the post does seem to be somewhat inciteful. Look, if there is A SINGLE PERSON who does not have regret about a decision made or opportunity missed, then crown that guy king

or name him Tom Brady

however we all live with those missed chances. I am not sure that it is fair to paint every poster here that is bearish with that brush.

SD Realtor

[SD Realtor]

RO and MPO,

I think it is good to have other points of view on the site.

Bear or bullish sentiment, I am always curious to see that alot of emotion always seems to bubble up so to speak in many posts. Bitterness or not, trying to keep perspective is important and trying to keep things factual or near factual based on some analysis is always helpful.

I actually do not think it matters if people are bitter or not. You can call them bitter renters or call me a bitter renter ((I do rent even though I own a couple places) oh yeah and I AM MUCH MORE BITTER for not going to Broadcom pre-IPO in the 90’s when I had a chance then I am about not leveraging on RE) The mentality and behavior of posters may be driven by personal or emotional matters, however if this depreciation cycle is to act temporally like others in the past then it would be a no brainer to admit we have a long ways to go. Thus the bearish sentiment (whether driven by bitterness or not) is accurate wouldn’t you say?

I know the point of this post is not to discuss how far into the depreciation cycle we are, or whether you think it is just starting or near over or anything like that. However, the tone of the post does seem to be somewhat inciteful. Look, if there is A SINGLE PERSON who does not have regret about a decision made or opportunity missed, then crown that guy king

or name him Tom Brady

however we all live with those missed chances. I am not sure that it is fair to paint every poster here that is bearish with that brush.

SD Realtor

[SD Realtor]

RO and MPO,

I think it is good to have other points of view on the site.

Bear or bullish sentiment, I am always curious to see that alot of emotion always seems to bubble up so to speak in many posts. Bitterness or not, trying to keep perspective is important and trying to keep things factual or near factual based on some analysis is always helpful.

I actually do not think it matters if people are bitter or not. You can call them bitter renters or call me a bitter renter ((I do rent even though I own a couple places) oh yeah and I AM MUCH MORE BITTER for not going to Broadcom pre-IPO in the 90’s when I had a chance then I am about not leveraging on RE) The mentality and behavior of posters may be driven by personal or emotional matters, however if this depreciation cycle is to act temporally like others in the past then it would be a no brainer to admit we have a long ways to go. Thus the bearish sentiment (whether driven by bitterness or not) is accurate wouldn’t you say?

I know the point of this post is not to discuss how far into the depreciation cycle we are, or whether you think it is just starting or near over or anything like that. However, the tone of the post does seem to be somewhat inciteful. Look, if there is A SINGLE PERSON who does not have regret about a decision made or opportunity missed, then crown that guy king

or name him Tom Brady

however we all live with those missed chances. I am not sure that it is fair to paint every poster here that is bearish with that brush.

SD Realtor

[greensd]

My only point with my post as of late is to bring light to the fact that the people who are most angry are those who missed the boat.

Maybe for some, but I think you’re wrong about the majority of us, and even framing the issue this way shows how wrong you are. The point is, there is no boat! Nothing happened between 2002 and 2005 to change the fundamentals of how residential real estate works. No law of man or nature says that anyone who didn’t buy a house before 2003 will forever pay rent to someone who did. For reasons discussed endlessly on this blog and others, the real estate market got badly distorted for a little while there, and now we’re just waiting for it to get back to normal.

As for the anger, I can only speak for myself. I couldn’t buy a house back in the 90’s because I was in grad school. Seemed like a reasonable tradeoff then, and it still does. Next I couldn’t buy a house in 2002 because I was doing a postdoc overseas. Again, a fair tradeoff. Then, once I got a faculty job, I couldn’t buy a house because the markets had gone nuts while a few people made tons of quick cash. Not so fair a tradeoff, really. Pretty irritating, in fact. But I look at it like it was a war or natural disaster or something… for reasons beyond anyone’s control, sometimes things just go against you. But now, there’s no reason why I shouldn’t be able to buy a house. Any policy that artificially props up unsustainable housing prices keeps me paying rent and costs me money for no good reason. It benefits a subpart of society at my expense, for no particular public good, and that makes me mad.

(I should say, though, that Bush’s freeze plan doesn’t look like it’ll do much of anything, and so it doesn’t move me one way or the other.)

[greensd]

My only point with my post as of late is to bring light to the fact that the people who are most angry are those who missed the boat.

Maybe for some, but I think you’re wrong about the majority of us, and even framing the issue this way shows how wrong you are. The point is, there is no boat! Nothing happened between 2002 and 2005 to change the fundamentals of how residential real estate works. No law of man or nature says that anyone who didn’t buy a house before 2003 will forever pay rent to someone who did. For reasons discussed endlessly on this blog and others, the real estate market got badly distorted for a little while there, and now we’re just waiting for it to get back to normal.

As for the anger, I can only speak for myself. I couldn’t buy a house back in the 90’s because I was in grad school. Seemed like a reasonable tradeoff then, and it still does. Next I couldn’t buy a house in 2002 because I was doing a postdoc overseas. Again, a fair tradeoff. Then, once I got a faculty job, I couldn’t buy a house because the markets had gone nuts while a few people made tons of quick cash. Not so fair a tradeoff, really. Pretty irritating, in fact. But I look at it like it was a war or natural disaster or something… for reasons beyond anyone’s control, sometimes things just go against you. But now, there’s no reason why I shouldn’t be able to buy a house. Any policy that artificially props up unsustainable housing prices keeps me paying rent and costs me money for no good reason. It benefits a subpart of society at my expense, for no particular public good, and that makes me mad.

(I should say, though, that Bush’s freeze plan doesn’t look like it’ll do much of anything, and so it doesn’t move me one way or the other.)

[greensd]

My only point with my post as of late is to bring light to the fact that the people who are most angry are those who missed the boat.

Maybe for some, but I think you’re wrong about the majority of us, and even framing the issue this way shows how wrong you are. The point is, there is no boat! Nothing happened between 2002 and 2005 to change the fundamentals of how residential real estate works. No law of man or nature says that anyone who didn’t buy a house before 2003 will forever pay rent to someone who did. For reasons discussed endlessly on this blog and others, the real estate market got badly distorted for a little while there, and now we’re just waiting for it to get back to normal.

As for the anger, I can only speak for myself. I couldn’t buy a house back in the 90’s because I was in grad school. Seemed like a reasonable tradeoff then, and it still does. Next I couldn’t buy a house in 2002 because I was doing a postdoc overseas. Again, a fair tradeoff. Then, once I got a faculty job, I couldn’t buy a house because the markets had gone nuts while a few people made tons of quick cash. Not so fair a tradeoff, really. Pretty irritating, in fact. But I look at it like it was a war or natural disaster or something… for reasons beyond anyone’s control, sometimes things just go against you. But now, there’s no reason why I shouldn’t be able to buy a house. Any policy that artificially props up unsustainable housing prices keeps me paying rent and costs me money for no good reason. It benefits a subpart of society at my expense, for no particular public good, and that makes me mad.

(I should say, though, that Bush’s freeze plan doesn’t look like it’ll do much of anything, and so it doesn’t move me one way or the other.)

[greensd]

My only point with my post as of late is to bring light to the fact that the people who are most angry are those who missed the boat.

Maybe for some, but I think you’re wrong about the majority of us, and even framing the issue this way shows how wrong you are. The point is, there is no boat! Nothing happened between 2002 and 2005 to change the fundamentals of how residential real estate works. No law of man or nature says that anyone who didn’t buy a house before 2003 will forever pay rent to someone who did. For reasons discussed endlessly on this blog and others, the real estate market got badly distorted for a little while there, and now we’re just waiting for it to get back to normal.

As for the anger, I can only speak for myself. I couldn’t buy a house back in the 90’s because I was in grad school. Seemed like a reasonable tradeoff then, and it still does. Next I couldn’t buy a house in 2002 because I was doing a postdoc overseas. Again, a fair tradeoff. Then, once I got a faculty job, I couldn’t buy a house because the markets had gone nuts while a few people made tons of quick cash. Not so fair a tradeoff, really. Pretty irritating, in fact. But I look at it like it was a war or natural disaster or something… for reasons beyond anyone’s control, sometimes things just go against you. But now, there’s no reason why I shouldn’t be able to buy a house. Any policy that artificially props up unsustainable housing prices keeps me paying rent and costs me money for no good reason. It benefits a subpart of society at my expense, for no particular public good, and that makes me mad.

(I should say, though, that Bush’s freeze plan doesn’t look like it’ll do much of anything, and so it doesn’t move me one way or the other.)

[Author]

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