Comments on: I bought at exactly the wrong time

By: paul

paul — Tue, 21 Oct 2008 18:48:58 +0000

Real estate values are cyclical, this is the down-cycle. The last downturn we had lasted 11 years. There may be no bad time to buy real estate but there are some very bad times to try and sell. It may be true that values seem higher over time, but what of the inflation adjustment and the opportunity cost? I suspect that many new owners are upside down in thier mortgages and will have to carry these chintzy coffins long past the expiry date. It's not real property is it. As you grow older you might want to start a family, kind of hard to do that in an 500sq ft cat swinger in a highrise. I pity the fools that got suckered by the Bob Rennies of the world.

Current score: 0 (to vote for this comment, please visit the site)

By: bearette

bearette — Tue, 07 Oct 2008 20:51:07 +0000

We all saw it coming. Revenge is so sweet. Bwahahahaha! (I love doing that.) That one goes out to all the asinine coworkers who mocked me for not following the sheeple into some $400,000 800=square-foot coffin in the sky. Bwahahahaha! See you at the 50 per cent off firesale! /mania off

Current score: 1 (to vote for this comment, please visit the site)

By: VHB

VHB — Mon, 06 Oct 2008 21:26:45 +0000

"nobody saw this coming" HOOOCOODANODE!!!! signed, VHB aka Mr. Nobody!

Current score: 10 (to vote for this comment, please visit the site)

By: dbcooper

dbcooper — Mon, 06 Oct 2008 20:01:10 +0000

Today was a predicted day at the stock market. Everything is going according to plan. Bwahaha. arit: i'm liking this "new" you....:-)

Current score: 2 (to vote for this comment, please visit the site)

By: betamax

betamax — Mon, 06 Oct 2008 19:51:13 +0000

Today was a predicted day at the stock market. Everything is going according to plan. Bwahaha. Agreed. I've been wrong on the timing -- it's taken longer than I thought, but everything is unfolding as expected. Maybe I should get a job prognosticating in the media...oh wait, I'm lousy liar and that's an essential prerequisite.

Current score: 2 (to vote for this comment, please visit the site)

By: arit

arit — Mon, 06 Oct 2008 19:00:10 +0000

I am also proud to be one of the 'nobody who saw it coming' crowd! Today was a predicted day at the stock market. Everything is going according to plan. Bwahaha. Regards, arit

Current score: 4 (to vote for this comment, please visit the site)

By: patriotz

patriotz — Mon, 06 Oct 2008 18:37:24 +0000

Nobody here but us nobodies.

Current score: 3 (to vote for this comment, please visit the site)

By: swirlyman

swirlyman — Mon, 06 Oct 2008 17:08:29 +0000

"NOBODY saw this coming..." That's just their way of giving credit in a back-handed way... calling us a bunch of nobodies...

Current score: 3 (to vote for this comment, please visit the site)

By: /dev/null

/dev/null — Mon, 06 Oct 2008 15:54:34 +0000

k9dr said: "Wow, what a change in just a few months. When I started reading these sites, the media was hyping realestate. In August, it was mostly about how it was plateauing, and now everything is about how its about to collapse. Even my clients who know nothing about realestate are all saying how bad its going to be" Wasn't it VHB (perhaps freako?) who said a long time ago that the MSM were going to do a 180 in the matter of weeks? Prescient (again).

Current score: 6 (to vote for this comment, please visit the site)

By: dingus

dingus — Mon, 06 Oct 2008 15:48:41 +0000

"Strange indeed that somebody would read bear blogs and yet buy in the largest remaining bubble market at the worst possible time." Not really. Something that goes on for a long time sometimes starts to look kinda permanent. Add a dash of fear of being priced out forever, and a soupcon of wanting what you want NOW not later, and sure, I can see having bought any time over the past few years. A good number of my bearish friends capitulated and bought. Some of them sheepsihly even believed that they were buying at the top, but got sick of waiting. On the hoocouldanode meme, now Fuld, CEO of Lehman, is saying that nobody could have known housing was in a bubble. I guess if you're only going to pay a guy 30 million a year, you can't expect him to keep on top of this kinda arcane stuff.

Current score: 8 (to vote for this comment, please visit the site)