I agree 100% that the correction is a good thing. Although it may cause temporary pain, it is a necessary pain to bring back order and sense to the economy.
Also, as was already mentioned most of the job creation from the real estate boom (aka ponzi scheme) has been to real estate agents, mortage brokers and illegal immigrants. Real estate agents don’t add any value to our culture, they are simply used car salesmen. As we know, illegal immigrants send much of their money out of country and may or may not pay taxes. How is our country better off if we are creating jobs for illegals immigrants and used car salesmen?
