I think powayseller made that comment more out of sympathy for those who are working hard trying to make it and just made some bad assumptions/decisions about how things were going to be in the future. It’s a lot better than rubbing it in and saying “I told you so” or “See, I was right”, which many of us on the outside of this bursting bubble might be inclined to do.
But the underlying premise, that wages are not keeping up with inflation, is very true. I guess that many thought their wages (or wages in general) would increase over time and they would be able to make it. But wages would have needed a rocket up their @ss to keep up with the inflated home prices.
