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After all of this, has "Bubble mentality" been diminished?


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2011 Sep 29, 12:32am   28,108 views  89 comments

by edvard2   ➕follow (1)   💰tip   ignore  

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

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82   B.A.C.A.H.   2011 Oct 4, 3:07pm  

MCMSinger says

Name 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

83   Buster   2011 Oct 4, 3:40pm  

B.A.C.A.H. says

Has Data
Tue, 4 Oct 2011 at 10:07 pm   Quote   Best Of   Share   Link   Top   Bottom   Flag
MCMSinger says

Name 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.

84   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

85   B.A.C.A.H.   2011 Oct 4, 11:33pm  

MCMSinger says

your vested interests

Huh?

87   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.

88   🎂 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.

89   🎂 Dan8267   2011 Oct 6, 4:46am  

shrekgrinch says

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.

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