Reno Ignoramus is strange, old friend. Though I’ve never met him, seen him, or even know his real name, as my second commentor ever on this blog (behind Gotlots who mysteriously disappeared) he has this uncanny ability to interpret my actions or in-actions with remarkable prescience. Not so long ago he noted in some comment that I’d lost interest in this blog.
Ouch… but dead-on accurate. Why? Because I personally don’t think residential real estate in the US is worth looking at as an investment until 2013-2014. Sure, there are exceptions, but I’d guess I’m more bearish than even Bantering Bear himself.
If there’s one thing this blog has taught me that I’m absolutely most grateful for, is the ability to recognize the voice of truth. I have learned to give critics and contrarians a fair shake, digesting what they say in all seriousness. Because often, even if their opinions go against conventional lemming wisdom, when you take an objective look at a message supported by facts that make sense, it can be truth.
Data is data, and facts are facts. If accurately tracked without bias, we’re talking laws of nature that don’t lie. And the interpretive conversation about what these objective events mean make us all smarter about how to best prepare for a potentially tumultuous future.
So many people want to believe whatever it is they hold dear, despite ramifications, because it’s easier and less painful in the near term to shoehorn crappy news through existing mental framework aka defensive happy-filters that make them feel better. "No problem, it’ll all work out because [insert personal savior or government entity] is looking out for my best interests, and I will receive the [insert favorite entitlement benefits prescribed by ideological belief system] that I deserve."
The world is what it is. Accept or deny it, the universe doesn’t care. Those who recognize reality and take appropriate actions are those that prosper. Those who don’t fall by the wayside.
I am in a short sale taking my licks. When we bought this house we could afford it, but now the tide has seriously turned. We will pay penalties for whatever happens, which is okay because, tritely, that’s life. Time to put ego aside, stop pointing fingers, embrace reality and move on.
The meek shall inherit the Earth? Not so different from Darwin’s message that those who adapt, survive.