Anonymous_IHB
New member
http://www.mercurynews.com/ci_10701409?nclick_check=1
From the end of the article:
"He thinks about that day in July he left his house. He remembers sitting in the U-Haul and wanting to sit back and gaze upon the house one last time, to savor his life achievement for just a moment. But it was too emotional."
The "life achievement" phrase, I think sums up pretty much the whole problem behind the bubble. A real life achievement would be 70's style mortgage burning party because one finally paid it off. "Buying" the place isn't an achievement - it's just taking on a big responsibility to start paying for it.
From the end of the article:
"He thinks about that day in July he left his house. He remembers sitting in the U-Haul and wanting to sit back and gaze upon the house one last time, to savor his life achievement for just a moment. But it was too emotional."
The "life achievement" phrase, I think sums up pretty much the whole problem behind the bubble. A real life achievement would be 70's style mortgage burning party because one finally paid it off. "Buying" the place isn't an achievement - it's just taking on a big responsibility to start paying for it.