This brings up a point I think some people on this list are missing. If the housing market drops 50% from todays values, they seem to think they can then buy a house and life will be good. The problem is that if housing and automotive go down at the same time, they and the people the care about may be in for a very rough ride. Unemployment can become a problem, and it would be ironic if tighter lending standards present a problem for some people here to get a loan. 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.
