Renters Gloat Over Housing Slump: WSJ.com. I’ve been looking forward to gloating about this for quite some time. But to be honest, it’s not all that pleasant. Gloating rarely is. I don’t like to see other people in trouble, even if they took some part in creating the mire they’re in– whether that’s someone who took out a loan they can’t afford, or someone who ordered the US military into a desert quagmire.
And while a steep drop in house prices might let me afford to buy one, it’s not as though my rent is dropping right now. In fact, shrapnel from a housing collapse is as likely to hurt me as it is to help me.