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Edited on Fri Sep-07-07 05:09 PM by pitohui
remember the s&l crisis?
what's the alternative, the price of houses in "normal" times is too high for honest people in real jobs to pay, you have a choice of buying during a crash or from a foreclosure or being forever homeless yourself
damn few people have six figure incomes, yet houses cost $300 or even up to a million dollars -- several million dollars in some areas
you gotta have a place to live and if you rent forever, what will you do when you are retired, you will have to choose between food and rent! so you kind of do have to have a home to stand any kind of chance at all
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