Why are so many piggs happy about crashing RE prices?

[SD Realtor]

The average homeowner should be happy about a market that is based on fundamentals. Your father advised you to sell your home because he saw that the market had lost all fundamental meaning during the bubble years. Taking advantage of that was an example of impeccable timing. He also detected that the instability would be followed by an inevitable correction. As a property owner and someone who is looking for another home I am also hoping for prices to continue the inevitable correction. I am not happy about the economy being in the trash and about friends losing jobs. Yet in order to at least build a new base for a healthy housing market the more that the housing market is allowed to correct free of subsidy and bailouts, the stronger it will be in the long run. Unfortunately many of the bailouts and loan reworks will only serve to produce a new batch of distressed homeowners 5 years down the line.

At any rate going back to your question, a return to valuations that are in line with a lower multiple of the median income, the better for all of us, whether we are current homeowners or not.

[wannabe2077]

I am not anti-blue collar worker or labor. I do have a bias against unions since they have done their parts in destroying airlines, auto industries. Of course look at what government employees will do to the government finances in the future.

[wannabe2077]

I am not anti-blue collar worker or labor. I do have a bias against unions since they have done their parts in destroying airlines, auto industries. Of course look at what government employees will do to the government finances in the future.

[wannabe2077]

I am not anti-blue collar worker or labor. I do have a bias against unions since they have done their parts in destroying airlines, auto industries. Of course look at what government employees will do to the government finances in the future.

[wannabe2077]

I am not anti-blue collar worker or labor. I do have a bias against unions since they have done their parts in destroying airlines, auto industries. Of course look at what government employees will do to the government finances in the future.

[wannabe2077]

I am not anti-blue collar worker or labor. I do have a bias against unions since they have done their parts in destroying airlines, auto industries. Of course look at what government employees will do to the government finances in the future.

[wannabe2077]

my experience from the 2000 tech boom and bust is that they are always intended consequences

[wannabe2077]

my experience from the 2000 tech boom and bust is that they are always intended consequences

[wannabe2077]

my experience from the 2000 tech boom and bust is that they are always intended consequences

[wannabe2077]

my experience from the 2000 tech boom and bust is that they are always intended consequences

[wannabe2077]

my experience from the 2000 tech boom and bust is that they are always intended consequences

[afx114]

I look at it a little bit like having a cold. Yeah it sucks that you’ve got to sit around on your ass, blowing snot out your nose, sleeping the hours away and watching TV rather than going out and doing the things that you love, but it needs to be done in order for you to get over the cold. Once the cold has run its course, you can return to doing the things you like doing. There is no magic pill that instantly cures a cold, just like there’s no magic pill that will instantly solve this crisis.

No use in getting pissed off at the cold, you just have to deal with it and let it run its course.

[afx114]

I look at it a little bit like having a cold. Yeah it sucks that you’ve got to sit around on your ass, blowing snot out your nose, sleeping the hours away and watching TV rather than going out and doing the things that you love, but it needs to be done in order for you to get over the cold. Once the cold has run its course, you can return to doing the things you like doing. There is no magic pill that instantly cures a cold, just like there’s no magic pill that will instantly solve this crisis.

No use in getting pissed off at the cold, you just have to deal with it and let it run its course.

[afx114]

I look at it a little bit like having a cold. Yeah it sucks that you’ve got to sit around on your ass, blowing snot out your nose, sleeping the hours away and watching TV rather than going out and doing the things that you love, but it needs to be done in order for you to get over the cold. Once the cold has run its course, you can return to doing the things you like doing. There is no magic pill that instantly cures a cold, just like there’s no magic pill that will instantly solve this crisis.

No use in getting pissed off at the cold, you just have to deal with it and let it run its course.

[afx114]

I look at it a little bit like having a cold. Yeah it sucks that you’ve got to sit around on your ass, blowing snot out your nose, sleeping the hours away and watching TV rather than going out and doing the things that you love, but it needs to be done in order for you to get over the cold. Once the cold has run its course, you can return to doing the things you like doing. There is no magic pill that instantly cures a cold, just like there’s no magic pill that will instantly solve this crisis.

No use in getting pissed off at the cold, you just have to deal with it and let it run its course.

[Author]

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