I know out-of-work realtors have nothing to do these days (hint - work on that resume!), and I know desperate homedebtors blame the bubble blogs in part for the end of the Great American Housing Ponzi Scheme, but man, give it a rest folks. Go outside, enjoy some fresh air, and take your anger out on the person who's really responsible for your dire straits.
Yourself.
Meanwhile, Bubble Sitters, I see that HSBC (yes, of $11 billion subprime write-off fame) is offering 6% interest on your sold-at-the-peak loot through April. Nice monthly cash flow bonus I'd say on that housing loot sitting in your bank accounts. Just don't put more than the FDIC max $100,000 in any one account. You just never know...
Bitter Renters - with all the money you're saving per month renting that beautiful new home vs. owning (oops, "renting money from a bank"), I'd recommend you take a look at spending some time this summer in Japan, where the yen is still artificially low (for a few more months at least).
And for the over-leveraged, over-spending, no-money-left-after-that-massive-upwardly-adjusting-mortgage-payment-is-made-on-your-rapidly-depreciating-home Desperate Homedebtors, I hear Safeway is running another special on ramen noodles this weekend. Although you'll have to beat "why don't I have any listings" Greg Swann there to get the best flavors.
Yum! Beef ramen!
Is the social stigma of "owning" a home (renting money from a bank in order to sleep in a rapidly depreciating asset) now worse than renting?
