I am capable of buying in today’s market, I am just not that stupid (generally speaking, some buyers may do just fine with purchasing at the height of the bubble).
People make choices and then the choices make the people.
If a particular FB does their financial business quietly and I don’t become aware of or get impacted by their financial situation, who cares.
However, for the number of smug comments, people interviewed in the paper and people who advertise their housing bubble wealth, I will quietly and anonymously enjoy their flameout.
Nothing personal, sometimes you are the hunter and other times you are the hunted.
It could also be my strict Christian upbringinging and the emphasis on shame and guilt to get people to behave. Society needs every tool in the toolbox including more shame and guilt to get people to behave civilly.
I am not deprived or jealous and I rather relish the idea of a nice car. Particularly if you compare a Subaru Legacy GT with an Audi A4 and a BMW 3 series.
The Subaru is 5-15K less expensive, is faster, handles similiarly and has the same finish quality. Plus the look of shock on the BMW, Audi and other owners when you smoke ’em is priceless.
I guess I am just a sneaky Beta male, which in most species, including humans, are more successful than alpha males with much lower risk.
My vote is yes, housing bubble blogs have paid posters for the RE industrial complex.
I think it is particularly the case with how under-employed most RE agents have been lately.
I cannot prove it because I am sure Joe Sixpack is dumb enough to ask the stupid, leading questions that pop up from time to time.
A typical post would be:
Hi, I am new here, so please take it easy on me.
I agree we are in a bubble, but you people don’t realize how many investors there are waiting in the wings with multi-million dollar war chests.
This thing will drop 10-15% over the next 12 months and they will be buying up everything and we are off to the races and you will still be priced out.
The posters, BW, Implosion and Waiting to Pounce on Ben’s blog fit that bill.
Hell even Realist at John Doe’s So Cal RE Bubble blog fits that bill, see the most recent post.
