“…People should be careful what they wish for, everything is interconnected. This isn’t “winning the superbowl” as I saw someone post. This is only half-time. The final score may not turn out the way you expect.”
I realize that everything is interconnected. This is why the bursting of the housing bubble is necessary in order to “shake out” the economy and bring things back in line. It will be painful, for sure. That is why you need to put your finances in order. But in the long run, we will be better off as a society. I think the longer it goes the worse the fallout will be. The college kids need to keep hope. I feel they will be able to afford houses one day, based on “normal” lending criteria.
BTW, It is not just renters that want to see the housing bubble burst. I’m a homeowner and I paid off my house last year. I’d rather see my kids be able to buy a house than have my house value ridiculously too high.
Bring on the burst!!
