3/25    Poll, in your deep desire, you wish housing would do the following.
        Also, put a number to indicate the number of houses you have:
        \_ pop the bubble: 0
        \_ pop the bubble: 000
          \_ I want interest rates to go up to around 8 so there isn't so much
             easy money flying around. I want to see people get burned on their
             $500k, no-money-down-interest-only-loan'd shitty condos and
             desert houses in arizona where water restricts growth more than
             the desert land area.
          \_ I'm the bitter housing guy and I'll tell you why. I'm a strong
             believer in meritocracy. Take the dot-com for example. Some
             people got rich just because they happened to get in and out at
             the right time, regardless of how much good work they've
             contributed to the society. That's not meritocracy, that is
             lotteritocracy. Life is already random as it is, and when you
             have people making 2X in speculative Arizona housing, that just
             feeds on lotteritocracy. Is that the kind of message we want to
             give to our children, that hard work and contribution to society
             is secondary to just getting lucky?
             \_ It is very rare that anyone makes money investing (whether in
                stocks or real estate) because they got lucky.  People who
                don't know what they're doing (who haven't put in the work to
                learn about investing) get fleeced.  -tom
                \_ You're an idiot.
        \_ keeps going up: 2
           \_ and I'm considering buying a small apartment complex
              \_ You are obviously a landlord in SF
                \_ The more you own, the more you get to own. I love
                   this country.                                -pp
        \_ Decline 10% and remain flat for a few years: 0
           \_ Same as him: 1 duplex
        \_ Fall by 50% so that I can buy more: 1
        \_ Crash by 70% so that I can buy 5 houses. I sold my house at a
           very nice profit 1 yr ago. Local market is down about 10 pct
           since then. No houses now.
           \_ do you live in vegas? where has the market fallen?