People dont like to loose money investing. You hear all about the money they got when things went right, but not a peep about the bone headed moves they pulled, unless it is over beers and a sob story that you started. Ask any stock broker, people do dumb things to “protect their investments” even if the best thing they coulda done is to cut their losses and run.
Why does anyone think itll be any different with peoples largest, and prob most emotional, “investment”? People will hold on to the very end, when life kicks them in the gut and makes them let go. Then theyll go whinning about it to their legeslators who will write abunch of unfair crap to get reelected that plays on these sedements. I dont think itll ever be easy to buy a house when prices are “depressed*” like they are (*also see ‘normal’ or ‘semi-affordable’) until they are rising again.
