http://allaboutalpha.com/blog/2008/10/02/comment-its-time-for-a-bit-of-schumpterian-creative-destruction/ A finance blog about hedge funds, portable alpha and alternative investing. Mon, 13 Feb 2012 11:26:54 +0000 http://wordpress.org/?v=abc hourly 1 http://allaboutalpha.com/blog/2008/10/02/comment-its-time-for-a-bit-of-schumpterian-creative-destruction/comment-page-1/#comment-137779 Thomas Tue, 07 Oct 2008 18:48:53 +0000 http://allaboutalpha.com/blog/?p=3520#comment-137779 So why do I feel like a dumbass for saving my money, buying a house with 20% down and 30-yr fixed at a low rate and yet I will still lose in all of this? As much as people like to characterize the real estate market by what happened at the margins, the reality is that the vast majority of the market is composed of rational actors who followed prudent practices but will still be punished mightily. As the generation behind the baby boom generation, it feels like everytime it is our turn to partake in the American dream it has been sucked up and destroyed by those before us. Whether it's in owning a home or getting ready to ascend to executive management, the generation before me is destroying hope in the American dream with surprising efficiency. And it sucks. So why do I feel like a dumbass for saving my money, buying a house with 20% down and 30-yr fixed at a low rate and yet I will still lose in all of this? As much as people like to characterize the real estate market by what happened at the margins, the reality is that the vast majority of the market is composed of rational actors who followed prudent practices but will still be punished mightily. As the generation behind the baby boom generation, it feels like everytime it is our turn to partake in the American dream it has been sucked up and destroyed by those before us. Whether it’s in owning a home or getting ready to ascend to executive management, the generation before me is destroying hope in the American dream with surprising efficiency.
And it sucks.

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