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What The 1990s Tell Us About The Next Housing Bust
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lowlyrenter
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PostPosted: Tue Dec 11, 2018 2:49 am GMT    Post subject: Reply with quote

Quote:

You are wasting your effort trying to reason with idiot renters. Spend your energy helping yourself, your family and your friends.


Not everyone is able to or wants to buy or "own" a house so calling a vast swath of the population - those who currently or permanently rent out of necessity, desire, or inability to purchase in one of the most expensive cities in the country - "idiots" is unnecessary, mean-spirited and insulting. All humans need shelter, just as they need air, food and water. Some live in castles, some live in penthouses, some live in trailer parks, some rent from slumlords in tiny, dumpy apartments and some stay at the Pine Street Inn. Oh and this time of year, some freeze to death huddling under bridges.

"There but for the grace of God go I".

Merry Christmas, indeed.
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PostPosted: Tue Dec 11, 2018 3:44 am GMT    Post subject: Reply with quote

lowlyrenter wrote:
Quote:

You are wasting your effort trying to reason with idiot renters. Spend your energy helping yourself, your family and your friends.


Not everyone is able to or wants to buy or "own" a house so calling a vast swath of the population - those who currently or permanently rent out of necessity, desire, or inability to purchase in one of the most expensive cities in the country - "idiots" is unnecessary, mean-spirited and insulting. All humans need shelter, just as they need air, food and water. Some live in castles, some live in penthouses, some live in trailer parks, some rent from slumlords in tiny, dumpy apartments and some stay at the Pine Street Inn. Oh and this time of year, some freeze to death huddling under bridges.

"There but for the grace of God go I".


Merry Christmas, indeed.




I think the guy you're responding to (the "idiot renter" guy) is on your side.
But I'm not sure.
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PostPosted: Tue Dec 11, 2018 6:01 pm GMT    Post subject: Reply with quote

Quote:

"There but for the grace of God go I".


Well stated.
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PostPosted: Thu Aug 15, 2019 12:02 am GMT    Post subject: Reply with quote

adamhenry wrote:
And now I console myself just renting a home so sad to me. Work hard to get home soon, but my neighbor upset me it's impossible to buy a home for me.
I accept their challenge.


Don't be sad. This is America, where hard work goes a long way. I know many of people from Central America who worked 3 jobs just to save up enough to buy a home. I know many lazy 4th and 5th generation Americans, too. They will never buy a home.
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RealEstateCafe



Joined: 11 Dec 2007
Posts: 234
Location: Cambridge, MA

PostPosted: Thu Aug 15, 2019 1:32 am GMT    Post subject: Reply with quote

Did today's 800 point stock market plunge cause Boston Bubble readers any disorientation? Tomorrow marks the 50 Anniversary of Woodstock, what a long strange trip it's been:

FLASHBACK 1: Nine months ago, one of the comments on this thread read:

Quote:
Nice article, but everyone thinks/acts on nominal prices. Nominal prices will continue to rise until the next recession, but no one really knows when that will happen.


FLASHBACK 2: Eleven and a half years ago, an email that linked to Zillow Quarterly Reports read:

"39% of Americans who bought a home in 2006, and 30% of those who purchased in 2007, now have negative home equity--meaning they owe more on their mortgage than their home is currently worth."

But fear not, iBuyers (have you read about them yet?) will save us -- wait, you mean their business models only work if prices are rising? Get ready for decade long Great Senior Sell-Off?

FLASHBACK 3: Six months ago, demographers warned us it was coming:

http://bit.ly/SrSellOff
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