Attitude toward a down market
Started by Bonzo
almost 19 years ago
Posts: 380
Member since: Apr 2007
Discussion about
Some people here wonder how could someone react with glee towards a downturn in the market, they say it as if the gleeful should be ashame. Who cares?????? shame never even crossed my mind.... its not a word in my vocabulary...... Shame is the word you use to justify the prices you pay too yourselves, it has nothing to do with me. I could care less if your precious little purchases tanked in... [more]
Some people here wonder how could someone react with glee towards a downturn in the market, they say it as if the gleeful should be ashame. Who cares?????? shame never even crossed my mind.... its not a word in my vocabulary...... Shame is the word you use to justify the prices you pay too yourselves, it has nothing to do with me. I could care less if your precious little purchases tanked in value. I'll celebrate when they do. Why? Because I watched and watched as people paid more and more in a blind frenzy for all the bad reasons, had to have a place to impress their friends, dont like the suburbs, need to be close to 50 overpriced restaurants within a 5 minute walk because your fat bellies never seem to be satisfied. You people created this bubble. You like to rationalize to yourselves why you should pay more and more and more, the same way tech investors in the late 90's did with pageviews, future market share, etc instead of real cash flow. The market is at it's peak, its way past the point of anything resembling justifiable pricing and you people are desperately trying to rationalize the insanity. Your making yourselves the prey to those who have something to sell to you, broker hype-artists. You're the voluntary suckers crapping on all those who don't want to follow you down the road of compulsive, blind, irrational overbidding. Who cares if you take the hit? You people dont want a home or nice place to live, you want a trophy up high in the sky, right away, where you can rain down your overly self important crap on the rest of us. You expect people to care when the reality dawns and the results of your binge hits the pages of real estate papers across the country? You're not innocents, your suppose to be high paid professionals, or wealthy business elite,...... you not some poor single mother of three barely trying to make ends meet. You want sympathy? you want others to care when you your precious little prizes stop their ego driven insane climb? AHAHAHAHA, when prices crash, I'll laugh................ and have my money ready to pick through the rubble of your stupid decisions. I wont feel a damn thing. Did you feel a damn thing when you shorted that last stock, you uber sophisticated financial professional? Someone lost money on the other side of that transaction didnt they? Did you feel a damn thing when you gouged the insurance and finally the savings of that poor teacher, police officer or construction worker, Mr. I Spent Four Years In Medical School And Now The Whole World Owes Me A MultiMillion Dollar Living? Did you feel a damn thing when you sent the undocumented busboy/dishwasher home with 60 dollars for his shift, that he can barely live on in this city, while you were charging customers 50+ for a dinner, Mr. I Own The Latest, Trendy, Overpriced, Horribly Serviced Manhattan Eatery/Restaurant? [less]
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the ramblings of someone with no money and is real bitter about it. have a drink or 5, its friday night
Wow, I think you need to change your medication. Sounds like you missed the party.
And real estate crashing in manhattan wouldn't also hurt all the people you are sympathizing with either... roight...
you may well be correct. but your method of expressing your view... well... it kinda makes everyone root for the market to shoot straight up, just so they can see your head explode.
then gather around and comment on how, as expected, all that came out was a putrid gas, and with zero grey matter to be found.
afterall, if you were as smart as you say, you woulda bought five years ago and sold last week.
JESUS'S BAR MITZVAH SPEECH: TALKING POINTS
1. Thanks for coming.
2. Helped some lepers on the way back from school.
3. No longer a boy anymore, but now am a son of God or something something.
4. Faced with a choice: could either go straight to heaven, or I could stay down here and share my bar mitzvah with you. I think I chose wisely.
5. I've performed a lot of miracles in my short life, but I think the most miraculous was that I actually finished writing this personal speech! (Wait for laugh.)
6. Sure, I would enjoy turning water into wine, but guess what? I'm not old enough to drink it, so what's the big whoop? (Wait for laugh.)
7. I'd like to thank everybody for coming today and I do hope you all enjoy the party. The theme, by the way, is Dungeons and Dragons.
That argument is a tired old foil #2, bitterness and lack of money, quite the contrary. I don't expect you to get it, so cling to your quick convenient answer. That's what happens when people live in a box high in the sky.
#3 Too bad their is no medication for your cluelessness.
#4 Real estate going down may actually give people a chance to afford a home. My post wasn't really about sympathy it was about comments I read in other posts but since your on the topic, yeah, I do sympathize more with the busboy, firefighter or teacher, then with the sob story about you in the New York Times about how you're having a hard time living in a tiny 300 square foot apartment you paid 450k for so you can be two minute walk from Whole Foods and the place you work.
#5 Did you just move to New York? New Yorkers use to have a reputation for being blunt. When you croak early from all the pollution in midtown you paid extra for will it matter that doctors find a gold plated pile of $%^ between your ears?
#6 Not exactly the person I would pick to mock........ but that's between you and your maker. I guess you're an example of the great "culture in the city" people pay a premium of 500 to 4000 a square foot (over what it takes to build on most parts of this planet) to be nearby.
#6 has the perverse type of talent it takes to make it on to the back of a matchbook cover.
ACTS PROHIBITED BY THE U.S. HOUSE OF REPRESENTATIVES' PROPOSED FLAG-BURNING AMENDMENT
1. Burning the flag.
2. Staring at the flag's cleavage.
3. Assuring the flag that you consider it a really good friend, and then pressuring it to sleep with you.
4. Sullenly agreeing to meet the flag at the coffee shop and staring into your coffee without talking.
5. Cutting off the flag's pleading questions by yelling "Get a life!"
6. Calling the flag's best friend at three in the morning to talk about how the flag doesn't understand you.
7. Coming within one hundred yards of the flag in violation of the restraining order.
Looks like #9 considers nothing sacred..... should we thank him for helping George Bush get elected?
#5 if you and your friends were cheerleaders for anything, I doubt you could get a single %$^& up let alone make a market move a little higher.
THINGS I'D PROBABLY SAY IF THE BUSH ADMINISTRATION WERE JUST A WEEKLY TV SHOW AND I WERE A REGULAR VIEWER
1. "Now, see, you can't just go and do something like that. That would be illegal."
2. "Boy oh boy, someone's gonna get fired for that."
3. "Honey, wasn't that the one who made all the mistakes? Why is she getting promoted?"
4. "Come on, in real life, you'd never get away with something like that."
5. "They really expect us to believe that?"
6. "Am I the only confused one here?"
7. "Does this make any sense to you?"
8. "Is there anything good on the other channels?"
To OP. Wow. You really need a therapist.
I am a renter and would love to buy if the market cooled off...but I'm also concerned if the market cools off too much as it would hurt the economy.
#2 here, why I would I bother with anything but a quick convenient answer to someone such as yourself?
This has nothing to do about real estate, you're just a bitter soul wishing ill will towards a bunch of people for no reason.
#13 Sounds like you need more help with your denial and need to pay more and more based on a set of delusions. Paying a few hundreds of thousands extra because you have a phobia of riding the subway means you need the time on the couch, not the rest of New York.
#15 You come up with neat simple answers like bitterness because your mind is having problems dealing with the complexity of the situation. Don't worry there is always that box in the sky you can retreat too and bought so you could surround yourself with others like you.
happy to surround myself with others like me, but more importantly, hopeful to avoid persons like yourself, mean, bitter, irrational folks who are unsatisfied with their own lives and take it out on everyone else.