by swebb follow (0)
Comments 1 - 1 of 55 Next » Last » Search these comments
Sweeb,
You are exactly correct. I noticed bitched a lot when I did not have the money to own in 07. I bitched more in 08 when prices went down but not enough to where I could buy. In 09 and 10 I bitched because prices were moving up and getting away from me. In 11 and 12 prices dropped again. They were far below rental parity, and I made a huge down payment on a place and now pay $800 or so less out of pocket each month than I would renting a place that is worse than what I own (but also the most I would ever pay for rent). As it turns out that is a 6 percent tax free return on my down payment.
I don't bitch anymore, and as a result I see the ridiculous bitching much more.
Comments 1 - 1 of 55 Next » Last » Search these comments
It has occurred to me (many times) that the super-negative bears are probably just not able to afford the house they want in the market they live in. So their anger is about not being able to afford a house, and their scapegoat / vent hatch is the "idiots who are overpaying"....
Thing is, if they were just rational actors, they would pick the optimal solution (often renting) and just live with it...instead they bitch and moan about the state of the market, and how an bunch of idiots bid it up for a stupid home that they don't really want/need/understand anyway...blah blah..
So, who the fuck cares if these people are so wrong for getting into an overpriced home...if you have so much emotion around the situation, it's probably because you want to be a homeowner, too...and you either can't afford to buy one, or you don't think the price is justified...the thing is, the strong feelings these people have is evidence that owning a home is worth more than just the rent replacement value to some people (including the big bears)...so, pony up or shut up...Again, if you didn't really care and were confident in your position, you'd just rent...but-you-really-want-that-house-so-bad-that-you-have-to make-up-reasons-why-the-market-is-broken...