{"id":365,"date":"2006-09-15T12:05:00","date_gmt":"2006-09-15T19:05:00","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=365"},"modified":"2006-09-15T12:05:00","modified_gmt":"2006-09-15T19:05:00","slug":"drive-by-commenting","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2006\/09\/15\/drive-by-commenting\/","title":{"rendered":"Drive By Commenting"},"content":{"rendered":"<style>li span {vertical-align: top;}<\/style>\n<p>I just love it when random people drop by this blog and get the feeling that they need to set me straight.  Here&#8217;s <a href=\"http:\/\/seattlebubble.blogspot.com\/2005\/08\/about-blogger.html#c115811684501477187\" title=\"About the Blogger\">a recent example of this phenomenon<\/a> that I found particularly amusing.<\/p>\n<blockquote><p>The discssion <i>(sic)<\/i> is really lame for those who have a choice between buying a home or renting a home. For many there is no choice, they will rent all their lives as my mother did because she was far too poor to buy anything. For those with a choice the decision is to pay-off the landlord&#8217;s mortgage or to pay-off your own. Millions of old people have some security because they own their own home free and clear. As for prices, they will go up, supply and demand ditcate <i>(sic)<\/i> this. No they will not come down. Population grows geometrically and land does not grow, there is a finite amount. People need to be in cities, that&#8217;s where the jobs are and they by their numbers will drive up the price of homes.<\/p>\n<p>If you can buy without overextending you should. If you think you will make more money in the future and you are wiating <i>(sic)<\/i> to buy consider housing has gone up consistantly <i>(sic)<\/i> at about 7% per year. That is 7% of the average priced home today of $350,000 or $24,500\/year. Wait long enough and you will not be able to buy. I should say no one can guarantee that homes will continue to go up, but baring <i>(sic)<\/i> a nuclear war and major distruction <i>(sic)<\/i>, I think we have to go with the numbers.<\/p>\n<p>Have a great day&#8230;<\/p><\/blockquote>\n<p>Let&#8217;s see how many of the boilerplate pro-real estate, anti-bubble arguments Mr.\/Ms. anonymous managed to cram in there:<\/p>\n<ul style=\"list-style-image: url(http:\/\/timothyellis.googlepages.com\/checkmark.gif);\">\n<li style=\"background: none; list-style-position: inside;\"><span>paying the landlord&#8217;s mortgage<\/span><\/li>\n<li style=\"background: none; list-style-position: inside;\"><span>home ownership = security<\/span><\/li>\n<li style=\"background: none; list-style-position: inside;\"><span>population growth<\/span><\/li>\n<li style=\"background: none; list-style-position: inside;\"><span>not making any more land<\/span><\/li>\n<li style=\"background: none; list-style-position: inside;\"><span>job creation<\/span><\/li>\n<li style=\"background: none; list-style-position: inside;\"><span>home prices never go down<\/span><\/li>\n<li style=\"background: none; list-style-position: inside;\"><span>buy now or be priced out <i>forever!<\/i><\/span><\/li>\n<\/ul>\n<p>Excellent work anonymous&mdash;<i>seven<\/i> real estate truisms in just two short paragraphs.  I also really enjoyed the declaration that &#8220;If you can buy without overextending you should.&#8221;  Because you just know that nobody that&#8217;s been buying lately has been overextending.<\/p>\n<p>At any rate, I hate to disappoint you anonymous, but I&#8217;m going to go ahead and continue this &#8220;really lame discssion&#8221; for a while longer.  Maybe we&#8217;ll see you again in about a year.<\/p>\n<p>(<i>anonymous comment, <a href=\"http:\/\/seattlebubble.blogspot.com\/2005\/08\/about-blogger.html#c115811684501477187\" title=\"About the Blogger\">About the Blogger<\/a>, 09.12.2006<\/i>)<\/p>\n<p><b>Update:<\/b> An <a href=\"http:\/\/seattlebubble.blogspot.com\/2006\/09\/drive-by-commenting.html#c115834850834543885\" title=\"Comment to: Drive By Commenting\">anonymous commenter below<\/a> brings up a very good point:<\/p>\n<blockquote><p>The thing is, most of those arguments are ORDINARILY true. That&#8217;s what makes the bubble so dangerous, people understand that homeownership is usually better than renting. What they don&#8217;t understand is that there are some situations where buying is suicide.<\/p><\/blockquote>\n<p>I totally agree that under ordinary circumstances, some of the above sentiments are true.  I suppose that would make it conventional wisdom.  The problem is that people are blindly accepting conventional wisdom in a very unconventional time, when critical thinking is called for.<\/p>\n<div class=\"blogger-post-footer\">\n<div style=\"margin: 0 auto; padding: 2px; font-size: 12px; width: 150px; text-align: center; border: 1px dashed #4386ce; background-color: #D5E2F1;\"><a href=\"https:\/\/www.paypal.com\/xclick\/business=paypal%40timandjeni.com&#038;no_note=1&#038;tax=0&#038;currency_code=USD&#038;lc=US&#038;item_name=Seattle%20Bubble%20Donation\" title=\"Seattle Bubble Tip Jar\">Seattle Bubble Tip Jar<\/a><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>I just love it when random people drop by this blog and get the feeling that they need to set me straight. Here&#8217;s a recent example of this phenomenon that I found particularly amusing. The discssion (sic) is really lame for those who have a choice between buying a home or renting a home. For&#8230;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[1113],"coauthors":[],"class_list":["post-365","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Drive By Commenting \u2022 Seattle Bubble<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/seattlebubble.com\/blog\/2006\/09\/15\/drive-by-commenting\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Drive By Commenting \u2022 Seattle Bubble\" \/>\n<meta name=\"twitter:description\" content=\"I just love it when random people drop by this blog and get the feeling that they need to set me straight. 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