I know most of you are bitter because you don’t own homes. Thus, the tenor of this forum, which is generally caustic. Watching others suffer makes you feel a bit better about your situation as a renter.
Thus, you gloat about the crash of the market. You had better wake up and realize that without federal intervention, we will be facing an economic meltdown, which will eclipse the 1930’s. Even with intervention, things might still go that way. Most (not all) of you seem to think that as soon as the market slips 20-30% you can all cash in on that dream house. Trust me, if the market falls like that, you most likely won’t have a job to even buy a $100,000 home.
Is it fair? No, but life is not fair. Wake up. You want a bail out. Yes, you might not get that killer beach pad, but you won’t be standing in a bread line with your kids like I did with my parents as a child.
