Housing Bubble Stories

[temeculaguy]

paramount, I wasn’t speaking about me specifically, but as a member of a group that most of us fall into. It’s O.K., we all know you hate me. You think I’m not who I represent myself to be. Over 20 pigs know me in real life, most of them active posters, some for a very long time, long before piggington. I will be glad to have a beer with you to convince you, we live only 2 miles apart, if obama can call a beer summit, I can pick up the tab for a few at killarneys on some random weeknight. We’ve got at least 10 locals on the board, maybe the beer summit should include a the rest of the rancho cal mafia, and maybe I need protection.

I’m just kidding with you about the hate, but I can gurantee that the dos equis guy has got nothing on me, he lives vicariously through me.

[ocrenter]

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?

[ocrenter]

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?

[ocrenter]

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?

[ocrenter]

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?

[ocrenter]

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?

[NotCranky]

[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.

[NotCranky]

[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.

[NotCranky]

[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.

[NotCranky]

[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.

[NotCranky]

[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.

[EconProf]

Russell 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.

[EconProf]

Russell 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.

[EconProf]

Russell 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.

[EconProf]

Russell 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.

[Author]

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