One thing I kinda notice is that alot of piggs who are buying or looking to buy soon in the NC area are usually high two income households or in the top 5% of single income earners (Raptorduck). Many of them (not all) are also people who are using previous gains to buy down the cost of the morgage. Most of the most vocal griping about how out of wack it all is is coming from people who are above average income earners, but usually single or buying their first house. They dont have the bonus of bubble gains to buy down the morgage payment and the extra income that comes with a two income household. If housing was at historical norms, these single/beginnger buyers would be able to buy today.
Neither group really seems to understand each other.
