"... as easy as pie..."
From HappyHair at WSJ BubbleBlog

"I will try and make this is easy as pie... When people invest they invest because they believe in the fundamentals... They sell when the fundamentals change for the worse... Thus if someone believes that IBM is a great investment and that person makes a purchase if a day later the stock drops 2% or advances 2% but the fundamentals did not change the owner will continue to hold on to the stock. People who purchase a home have a long time horizon... They see beyond a short time horizon unless the fundamentals change. For most bulls including myself, Bruce, Gbarney04, Vegas Gal, and countless others we all believe the fundamentals are still positive and as such we are owners and not renters. In 40 years my mortgage will be long retired. I and many others do not need to sell our homes and RAID the NEST EGG to put cash in the bank... I/we already have cash and other assets in the bank... So why are we not selling our homes as you did? Why? We are nurturing a long-term investment and it is because we believe in the fundamentals. If we were to REVERSE ENGINEER my point if I asked a homeowner in 1966 if they believed there home and the land it is on would be worth more in 40 years! With your knowledge of history and any record book I answered the fundamentals PARADIGM that many Bulls believe in. Time value of money or compounding is the high road that the bulls have selected it and for good reason... In fact in the 1950s a young reporter asked the most intelligent man on the planet and a then professor at Princeton University what was his single most admired concept in modern thinking. The young reporter was sure that the scientist would respond with e =mc squared or some other scientific hypothesis however the Professor scratched his head perhaps weighing all he knows and understands and much more then you and I ever will and responded... "Compounding!" Now if you think you are smarter then Albert Einstein well good luck chump... Read the article."