Quote:
Originally Posted by MonkeyMama
On the houses? I have to agree with the comments. I have friends who have told me I was stupid to buy (in 1999 by the way) and they would NEVER buy (said as recently as 2008). Suddenly they are all out buying houses. ??? We paid $100k less in 1999. Hello??? Not sure how much of a sale this is. & it doesn't take rocket science to know recent years prices were completely unsustainable.
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You're right MM, it doesn't take rocket science but most don't pay attention to this stuff in good times. In bad times they suddenly realize how stupid they've been. This applies not only to housing but to everything financially related.