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.
One thought on “Told you so”
But… who is it that a renter wants to gloat over? Home owners or people in the real estate business? I’m a homeowner and this news means little to nothing to me. It does not change my mortgage payment one cent and I’m not trying to sell.
The only people who might be gloat-worthy are people who are ‘flipping’ houses… and honestly, they were gloat-worthy to begin with.