Oceanview, stop the class warfar nonsense... I live in a section of the country that has no bubble.. I'm buying houses for the same price they sold for in the 1970s in some areas I work, because that's literally what they are worth today!! I'm not riding any bubble to anything.. I'm busting my ass 50 hours a week at a full time job and spending another 10-30 a week building wealth... Appreciation isn't making me wealthy, planning and hard work is.
You want to play that class envy card, take it over to DU. I've worked damned hard for everything I've ever gotten! And I've done it by not being one of the fools who sits around griping they can't get a break.
You want to mock my contributions I have no time for you. I pay loads of taxes, return dead assets to the tax roles, hire contractors, buy supplies, do all sorts of things that help not only myself but others as well! I work damned hard for EVERYTHING I have achieved, and I am so sick of ever 9 to 5 clock puncher who thinks I must have just gotten it for nothing, because they are too damned lazy to take their own destiny into their own hands.
You work for someone else, you got no one to blame but yourself for not having as much as you want.. you gotta take the risk to get the rewards, and you want to think those that enjoy the rewards don't earn it or work for it, that tells everyone exactly why you will never have it!
You work every day to make ends meet, but drive newer cars than I do, likely have a bigger house than I do and have far more debts than I do.. but its not my choices and hard work that made me different than "the rest of the world" its the fact I am just milking the system. Bah! Fool.
I'll put my work week up against your's anyday.
I could care less what you earn.
All I want to know is - do you understand, from a purely macro-economic point of view, why we all can't earn a living being real estate investors, bond traders, and government employees? Somewhere, someplace, someone has to be employed outside the "paper economy" and outside government - in industries that produce real things, real services, add real value, earn real profits, etc.
If you are doing well in the paper economy, more power to you. Hell, maybe I ought to join you.