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Rick,
I don't have you 'on ignore' I just ignore you. I prefer to be an ostrich to a chicken little. So far my way has proven the better way for me and mine.
I'm making more this year than last year, more last year than the year before, far out pacing 'inflation' by anyone's (even your) scale.
The very real dirty secret - I work for an honest living.
You were hollering about bank failures a year ago. Here's the deal the bank can write me a loan for 500k on my house, which then falls in value by 100k. Now the bank shows a 100k loss of assets - ON PAPER.
The real deal is I'm making my payments on time and the bank hasn't lost a single freaking penny.
Multiply that by the 100's of thousands of guys like me and banks don't fail.
Get over it.
Eventually, chicken littles run out of steam, get a real job and earn some money and start buying houses again. My property goes back up in value and all I really lost was time.
It's called a 'cycle' because it's like a circle, what comes around goes around. Right now you are confused and upset because you are in the 'you had it coming to you' stage of the circle still.
Real investors as opposed to chicken little ex-mortgage brokers understand that.
And now back to threads with a 'sailing' theme, something you never visit on this forum (another thing to make you go hmmmm).
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