Hey, it’s just dirt!

I feel lucky to be close to the financial industry at such a tumultuous time. No, really. It is not everyday that we have economic crises that are so deep and widespread. For those of us young Gen Xers or old Gen Yers, this is the first time that we have seen bad economic times that directly affect us. We were too young for the dot-com bust of the late-90s or the previous banking crisis of the 80s (if you don’t know, ask your parents or better yet CLICK HERE).

Perhaps it’s my cold-blooded side, but I do not feel sorry for those directly affected by the housing downturn. Those who are losing their homes either bought a home they weren’t actually qualified for, financed their home under terms that they really didn’t understand, were looking to make a quick buck on a flip or hold-and-flip, or simply trying to ‘keep up with the Joneses’. It is unfortunate that the correction in home values has to hit everyone, but that is part of living in a society.


If you own your home, are making your payments, plan on living there for the foreseeable future, and don’t have a job tied to mortgages, construction, or the buying and selling of real estate…just chill. Your home is somewhere you live and should not be seen as a ‘serious’ investment. After all, it is just wood and rocks on top of a pile of dirt.