[Porsche-O-Phile]

Originally posted by Wayne at Pelican Parts
Not entirely. But if you constantly tell your little brother not to stick his tongue on the flagpole, and then he goes and does it, there is an element to human nature that says "I told you so."

Sure, there's a whole crowd of semi-bitter people here on Pelican who saw many people buy homes they couldn't afford and drive up the prices for the rest of the world. So, now that reality is coming back, it's natural to want to say "see, I told you so."

Make no mistake, I am indeed one of the semi-bitter people. More like semi-frustrated. I've seen people buy houses that I felt I could not afford without putting my family at financial risk. It's tough when my wife's friends are all buying houses, and we're renting. However, in the long run, it's the smart thing to do, as adding a huge mortgage (like $7K/mo FOR 30 YEARS if we had bought the place we're renting right now) is not my idea of being financially responsible.

I'm certainly not happy that people will be losing their houses. However, I'm happier now that I see reality finally beginning to sneak back into the mortgage / housing market. Heck, I've been blabbing about this coming for almost 3 years now - I was starting to look foolish

-Wayne

+1,000. I guess I'm one of the "semi-bitters" too (would "bittering hops in the wort of life" be a more positive analogy?)

Life is hard on stupid people. I find it difficult to muster up much sympathy for such individuals.