- This topic has 170 replies, 21 voices, and was last updated 14 years, 9 months ago by CA renter.
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February 20, 2010 at 1:46 AM #516442February 20, 2010 at 8:23 AM #515571ocrenterParticipant
TG is right, there’s been tons of stories done about some poor sap that got suckered into an overpriced house and now they are going through foreclosure and how traumatizing that is.
I don’t believe there’s been a single story done about folks that resisted and rented for 4-5 years, chastised as lifetime renters who have forever missed out on the homeownership boat, who are now able to make their purchases and feel vindicated.
the problem, however, may be the issue of willingness to be public about this. if you end up on the documentary, you’ll be hated by all of your underwater neighbors. afterall, your neighbors already know how cheap you got your house for (they all used your comp to get their property tax readjusted), but now you are gloating about it on national TV? can we say please come over and teepee my house?
February 20, 2010 at 8:23 AM #515714ocrenterParticipantTG is right, there’s been tons of stories done about some poor sap that got suckered into an overpriced house and now they are going through foreclosure and how traumatizing that is.
I don’t believe there’s been a single story done about folks that resisted and rented for 4-5 years, chastised as lifetime renters who have forever missed out on the homeownership boat, who are now able to make their purchases and feel vindicated.
the problem, however, may be the issue of willingness to be public about this. if you end up on the documentary, you’ll be hated by all of your underwater neighbors. afterall, your neighbors already know how cheap you got your house for (they all used your comp to get their property tax readjusted), but now you are gloating about it on national TV? can we say please come over and teepee my house?
February 20, 2010 at 8:23 AM #516139ocrenterParticipantTG is right, there’s been tons of stories done about some poor sap that got suckered into an overpriced house and now they are going through foreclosure and how traumatizing that is.
I don’t believe there’s been a single story done about folks that resisted and rented for 4-5 years, chastised as lifetime renters who have forever missed out on the homeownership boat, who are now able to make their purchases and feel vindicated.
the problem, however, may be the issue of willingness to be public about this. if you end up on the documentary, you’ll be hated by all of your underwater neighbors. afterall, your neighbors already know how cheap you got your house for (they all used your comp to get their property tax readjusted), but now you are gloating about it on national TV? can we say please come over and teepee my house?
February 20, 2010 at 8:23 AM #516230ocrenterParticipantTG is right, there’s been tons of stories done about some poor sap that got suckered into an overpriced house and now they are going through foreclosure and how traumatizing that is.
I don’t believe there’s been a single story done about folks that resisted and rented for 4-5 years, chastised as lifetime renters who have forever missed out on the homeownership boat, who are now able to make their purchases and feel vindicated.
the problem, however, may be the issue of willingness to be public about this. if you end up on the documentary, you’ll be hated by all of your underwater neighbors. afterall, your neighbors already know how cheap you got your house for (they all used your comp to get their property tax readjusted), but now you are gloating about it on national TV? can we say please come over and teepee my house?
February 20, 2010 at 8:23 AM #516481ocrenterParticipantTG is right, there’s been tons of stories done about some poor sap that got suckered into an overpriced house and now they are going through foreclosure and how traumatizing that is.
I don’t believe there’s been a single story done about folks that resisted and rented for 4-5 years, chastised as lifetime renters who have forever missed out on the homeownership boat, who are now able to make their purchases and feel vindicated.
the problem, however, may be the issue of willingness to be public about this. if you end up on the documentary, you’ll be hated by all of your underwater neighbors. afterall, your neighbors already know how cheap you got your house for (they all used your comp to get their property tax readjusted), but now you are gloating about it on national TV? can we say please come over and teepee my house?
February 20, 2010 at 8:26 AM #515576NotCrankyParticipant[quote=temeculaguy]BTW, no offense, but that is a pretty overdone story. I think we geeks who rode out the bubble in rentals and resisted peer pressure and stigma because we are math geeks, we are a much more interesting story for the PBS demographic. Actually, we are the PBS demographic, nevermind.[/quote]
Hubris, Hubris, Hubris.
This idea that everyone was either a Casey Serin striker or hibernating watching “rent vs. buy” and trend lines, is is overplayed too. Many of us maintained an owner occupied house and are none the worse off for it. Some of us made money to varying degrees specifically from Real Estate, often while maintaining an owner occupied house. Also Thousands of “non-piggs” out performed piggs on Real Estate.February 20, 2010 at 8:26 AM #515719NotCrankyParticipant[quote=temeculaguy]BTW, no offense, but that is a pretty overdone story. I think we geeks who rode out the bubble in rentals and resisted peer pressure and stigma because we are math geeks, we are a much more interesting story for the PBS demographic. Actually, we are the PBS demographic, nevermind.[/quote]
Hubris, Hubris, Hubris.
This idea that everyone was either a Casey Serin striker or hibernating watching “rent vs. buy” and trend lines, is is overplayed too. Many of us maintained an owner occupied house and are none the worse off for it. Some of us made money to varying degrees specifically from Real Estate, often while maintaining an owner occupied house. Also Thousands of “non-piggs” out performed piggs on Real Estate.February 20, 2010 at 8:26 AM #516144NotCrankyParticipant[quote=temeculaguy]BTW, no offense, but that is a pretty overdone story. I think we geeks who rode out the bubble in rentals and resisted peer pressure and stigma because we are math geeks, we are a much more interesting story for the PBS demographic. Actually, we are the PBS demographic, nevermind.[/quote]
Hubris, Hubris, Hubris.
This idea that everyone was either a Casey Serin striker or hibernating watching “rent vs. buy” and trend lines, is is overplayed too. Many of us maintained an owner occupied house and are none the worse off for it. Some of us made money to varying degrees specifically from Real Estate, often while maintaining an owner occupied house. Also Thousands of “non-piggs” out performed piggs on Real Estate.February 20, 2010 at 8:26 AM #516235NotCrankyParticipant[quote=temeculaguy]BTW, no offense, but that is a pretty overdone story. I think we geeks who rode out the bubble in rentals and resisted peer pressure and stigma because we are math geeks, we are a much more interesting story for the PBS demographic. Actually, we are the PBS demographic, nevermind.[/quote]
Hubris, Hubris, Hubris.
This idea that everyone was either a Casey Serin striker or hibernating watching “rent vs. buy” and trend lines, is is overplayed too. Many of us maintained an owner occupied house and are none the worse off for it. Some of us made money to varying degrees specifically from Real Estate, often while maintaining an owner occupied house. Also Thousands of “non-piggs” out performed piggs on Real Estate.February 20, 2010 at 8:26 AM #516486NotCrankyParticipant[quote=temeculaguy]BTW, no offense, but that is a pretty overdone story. I think we geeks who rode out the bubble in rentals and resisted peer pressure and stigma because we are math geeks, we are a much more interesting story for the PBS demographic. Actually, we are the PBS demographic, nevermind.[/quote]
Hubris, Hubris, Hubris.
This idea that everyone was either a Casey Serin striker or hibernating watching “rent vs. buy” and trend lines, is is overplayed too. Many of us maintained an owner occupied house and are none the worse off for it. Some of us made money to varying degrees specifically from Real Estate, often while maintaining an owner occupied house. Also Thousands of “non-piggs” out performed piggs on Real Estate.February 20, 2010 at 1:59 PM #515702EconProfParticipantRussell is on to something. A lot of us made money on the runup, and lost it (or a lot of it) on the downturn. Picking the top is almost impossible, and those who claim to have sold out then are often exaggerating. Identifying the bottom is equally difficult, witness the heated exchanges going on now about today’s market. It is safe to say, however, that the euphoria at the top is hard to fight–it is rare for someone who has just made a huge sum of money to pick up their chips and walk away.
February 20, 2010 at 1:59 PM #515846EconProfParticipantRussell is on to something. A lot of us made money on the runup, and lost it (or a lot of it) on the downturn. Picking the top is almost impossible, and those who claim to have sold out then are often exaggerating. Identifying the bottom is equally difficult, witness the heated exchanges going on now about today’s market. It is safe to say, however, that the euphoria at the top is hard to fight–it is rare for someone who has just made a huge sum of money to pick up their chips and walk away.
February 20, 2010 at 1:59 PM #516270EconProfParticipantRussell is on to something. A lot of us made money on the runup, and lost it (or a lot of it) on the downturn. Picking the top is almost impossible, and those who claim to have sold out then are often exaggerating. Identifying the bottom is equally difficult, witness the heated exchanges going on now about today’s market. It is safe to say, however, that the euphoria at the top is hard to fight–it is rare for someone who has just made a huge sum of money to pick up their chips and walk away.
February 20, 2010 at 1:59 PM #516361EconProfParticipantRussell is on to something. A lot of us made money on the runup, and lost it (or a lot of it) on the downturn. Picking the top is almost impossible, and those who claim to have sold out then are often exaggerating. Identifying the bottom is equally difficult, witness the heated exchanges going on now about today’s market. It is safe to say, however, that the euphoria at the top is hard to fight–it is rare for someone who has just made a huge sum of money to pick up their chips and walk away.
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