I do value stability and safety for my family. But what kind of stability might my children have if, while we are ensconced in our dream home for the next ten years, 50% of our neighbors are in over their heads? Will families fall apart due to financial strain in front of my children’s eyes? Will all the kids in the neighborhood become the latchkey-type after their moms go back to work to make ends meet? How will the bank-owned and otherwise vacant homes in the neighborhood be secured?
My biggest regret regarding the boom is the sociological effects due to come from the bust.
