Here are some choice comments left.
- what a loser. 27 years old and renting part of a townhouse? get a life. do you even have a girlfriend?
- Wow. Now it becomes clear why David has been so angry and bitter for the past 2 year
- I'm sorry you missed the boat on housing. I'm sorry you think that at your age you are entitled to a particular kind of house or living style. I'm sorry you have to share your home with a bunch of people in order to pay the rent. I'm sorry you've spent the past 2 years of your life fostering and nurturing bitterness and resentment.
In the article, I merely stated that a couple of years ago I started looking at buying a condo or a townhouse (where I would rent out a room). After studying the market in the Washington, DC area I came to the conclusion that there was a housing bubble. That is that real dollar prices had inflated to unsustainable levels and that real dollar prices would fall significantly in the Washington metro area.
One commentator wrote regarding my blog that "It's all about how unfair it is that some people have done very well in real estate and how come others have missed the train?" This blog is not here to complain about the fairness that some people have done extraordinary well in real estate during the boom years and others have not. The term 'fairness' appears zero times in my blog. In fact the term 'fair' ONLY appears six times in the whole blog and four of those times it used where I reference what others have said. In the two times I use the term fair it is not in anyway talking about the fairness of a housing bubble.
This blog is NOT about my personal decision to rent or buy, but rather it is a blog:
dedicated to the premise that there is a Housing Bubble in many locales in the USA. With a particular focus on the: When will it pop? Why will it pop? How will it pop? Where will it pop? Who is responsible for the bubble? Also the DC Metro Area bubble. Please join in the discussion.That is the purpose of the this blog. The housing industry has been cheerleading the speculative bubble that is the housing market. As we know from history, speculative episodes do NOT end well. They leave many people financially devastated. If the speculative episode is large enough it will lead an economy into a recession.