I don’t think anyone who bought a house they couldn’t afford in 2003 is going to be happy with their decision in 2010
I don’t know about that. If you bought early enough in ’03 you are likely going to end up doing ok unless there is some dramatic turn of events.
It seemed to me like it was from mid ’03 until mid ’04 when the hysteria was in full effect. The paper gains owners got in that period constitute quite a cushion.