[quote=nocommonsense]Let the deep pockets buy up all the houses on the market. See if I care. I just know that prebubble a blue collar family could afford the house I’m renting now, which now I can barely afford buying with a sinx-figure income and 200K cash. This picture is simply wrong and can’t go on for long no matter what the “experts” say.

What’s more, I wouldn’t even WANT to own the shabby house we’re living in for half the price![/quote]

I’m with you. I pretty much despise the housing stock that’s in our price range, especially when we have to factor in schools for our children. We have looked at about 85 homes over a 2-year-plus period. I guess I should go FHA/3.5 or ignore any <31 percent of income goal BS.

Still, you might be overstating the prebubble affordability. I'm thinking of one of Rich's items from not too far back.