All these people in glass houses throwing stones at those who are suffering. very biblical
No, I don’t think we’re happy at others’ misfortune. But some of us are indeed happy at our good fortune - at least I am. If you have a problem with that, I can’t help you.
And what would you like me to do instead? Decline the opportunity to buy a home now that it’s finally within my reach? It’s those of us who postponed buying in an overpriced market who are and will be propping up the market when it drops to reality.
If you, for instance, bought an overpriced home and now need to dump it, I’m the guy who’s willing to buy it from you. Without buyers like me, the price would drop even further. So take your lumps, learn a hard lesson, and be glad somebody like me lived for years on beans&rice in a rented shack. Otherwise you’d be even worse off.
Oh how my peers laughed and laughed at me as they bought their fancy condos and lofts and drove around in their fancy luxury cars with Steve Winwood and Bruce Hornsby playing on the stereos. They had their health club memberships and their Caribbean vacations with the umbrella drinks and the young native girls who couldn't say no.
Meanwhile, I'm scraping old-lady wallpaper off the kitchen wall and vacuuming cat turds out of every crevice and dealing with a basement prone to flooding everytime it rains more than an inch. But at least I had no problem making my mortgage payments (which were less than what I had been paying for rent) and my Ford Festiva was paid off and I got to take the kids to Chuck-E Cheese every once in a while.
Oh well, they laughed at me then. But many of them aren't laughing so hard now. Especially since I paid off that house, got another fixer-upper, sold that house at a tidy profit and now live almost mortgage free in a half million dollar house. It's also nice that I don't have to eat at the Chuck-E Cheese anymore.