waiting to buy, assuming your good friend got screwed by his ex-both figuratively and literally-why take it out on me? As far as 1k to support a child, that’s not much these days. The child deserves a roof over his/her head-a nice one-just like you do. And food costs are very high; these days it takes a side of beef to satiate my kids.

Piggingtons,what about the buyers who are able to refinance their arms or whatever other unsavory loan product they received to a more affordable fixed rate? Isn’t there a market for that service?

Well, on second thought, the buyers who can do this are probably few and far between because they bought such ridiculously expensive homes they can’t afford them at today’s fixed rates anyway. Thanks Greenspan.