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After all of this, has "Bubble mentality" been diminished?
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2011 Sep 29, 12:32am 28,100 views 89 comments
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B.A.C.A.H.
2011 Oct 4, 7:21am
MCM Singer,
Some Cool, Hip and Beautiful People of The Bay Area have posted here on this thread their reasons why they overpay (based on your math) on housing. Appreciation was not one of them. Job market, Coolness, weather, Hipness, access to recreation, Beautifulness, "schools", whatever. According to their math, they are getting their money's worth for what they are paying.
Their math is not based on Bubblicious Asset Value Appreciation BubbleThink, it is based on the value they place on different aspects Personal Consumption. Since it is their Personal Consumption, it is their personal choice. That is their math, you can disagree with it (maybe you can tell by reading between the lines of my posts, maybe I disagree with it, too); but it does not make them liars. It just make them have a different type of idea of values than some of The Rest of Us have.
Going off the deep end ranting and name calling etc on here are going to make people think that you are the one with the problem.
Regarding the recession Flushing the Toilet on The Hipsters' expectations of appreciation, you don't have to rant, etc. about it. So far, in the Bay Area at least, it has been a recession, up till now, and it has Flushed That Toilet. I think I probably agree with you that what till now has been a recession is likely to unfold as something that looks like a full blown depression, but till now, just a recession, a nasty recession, but enough of one where we don't hear the Hipsters crow about their housing appreciation. Instead nowadays its all about what they're willing to pay (yes, pay interest perhaps in many cases) for Their personal preferences.
Chill out dude.
You'll never win any arguments with that ranting, even if you win in your own mind and even by logic, you'll still lose with that ranting.
Robber Baron Elite Scum
2011 Oct 4, 2:13pm
Going off the deep end ranting and name calling etc on here are going to make people think that you are the one with the problem.
Ranting? Yes. Name calling? No. You are now making stuff up.
I never name called anyone personally (only one person who fit the definition) but I did name call a GROUP of people.
Chill out dude
How would you know whether I'm calm or tense?
I'm just defending my points views like many others who are defending their views to me.
You'll never win any arguments with that ranting,
Sorry but I just believe very strongly in it.
even if you win in your own mind and even by logic
I'm not too concerned with playing good politics.
you'll still lose with that ranting
Only on the biasis of other people's personal perception of me. I'm not here to make friends.
Anyway - you have your point of view and I have mine. We share some common beliefs but we just need to accept that we are individuals with different experiences & therefore different beliefs.
B.A.C.A.H.
2011 Oct 4, 3:07pm
Name calling? No. You are now making stuff up.
This is they exact same disease mentality
Undeserved & irresponsible lifestyle
Yuppies are the phony rich
First these idiots are irresponsible
It sure does and to think otherwise is a testament that you have bought into the idiocy of these morons.
They are liars clearly because they are purchasing
for the last reason, they are liars because
Has Data
Tue, 4 Oct 2011 at 10:07 pm  Quote  Best Of  Share  Link  Top  Bottom  Flag
MCMSinger saysName calling? No. You are now making stuff up.
MCMSinger says
This is they exact same disease mentality
MCMSinger says
Undeserved & irresponsible lifestyle
MCMSinger says
Yuppies are the phony rich
MCMSinger says
First these idiots are irresponsible
MCMSinger says
It sure does and to think otherwise is a testament that you have bought into the idiocy of these morons.
MCMSinger says
They are liars clearly because they are purchasing
MCMSinger says
for the last reason, they are liars because
Self awareness can be a very beautiful thing. Lack of, not so much.
Robber Baron Elite Scum
2011 Oct 4, 4:00pm
@B.A.C.A.H
I did admit to name calling groups of people. Pointing out examples of it is pointless since I never disputed it.
Arguing over petty matters is not clever but rather foolish. It would do you good to debate objectively. Your personal vendetta is clear to see.
Sorry if my views on real estate conflicts with your vested interests. But this is not the place for your censorship.
Perhaps the National Association of Realtors is the place for you to feel more secure in your views on real estate. But I'm afraid this not the place for only supporting one point of view.
Thanks for Your Understanding
Robber Baron Elite Scum
2011 Oct 5, 1:04pm
Regarding Steve Jobs: Rest in peace my friend. You were an inspiration to me even though I didn't know you personally. It's sad and a loss that you had to passover. Your talents will stay with the world as an inspiration to me and others.
-My blessings to you.
Dan8267
2011 Oct 6, 4:43am
As expressed in this thread, the sentiment is pretty much on schedule given the delays caused by government interference. Absent that interference, we would have already recovered from the housing bubble and the resulting depression.
Here's looking forward to the next three years.
Dan8267
2011 Oct 6, 4:46am
Denial...especially 'selective denial' is alive and well with people in general. That's all.
Shit, you're back? I thought you were just going to post under your more friendly MarsAttacks! account.
« First « Previous Comments 80 - 89 of 89 Search these comments
So we're into year 4 of a nasty recession. Foreclosures are still at an all-time high. New homes, existing homes, and so on are all lagging in sales. We see the stories day in, day out. Everyone at this point acknowledges that the recession was largely created by an out of control housing bubble.
Yet at the end of the day I can't help but think that after all this that the bubble mentality is still very much alive and kickin'. This is ever so apparent around here in the Bay Area. There are many people- even some on this site it appears- that think that 500k+ for a starter home sound swell. I know many who paid a lot more then that. Investors are "snappin' up" bottom-feeder houses, paying prices for them that are still in many cases still much higher than they were before the boom. Again- around here in the Bay Area any party or gathering you'll attend will likely have a common topic- of housing, of how and where to live and so on.
Why is this mentality so hard to kick? Why do people hold on so desperately and dearly to the idea of housing? Why does rationality seem to fly out the window when it comes to houses?
#housing