Well, I think there may be a few disgruntled people here, but you can’t blame them for that. A 300% increase in house prices has locked many out of the market. It’s plainly ridiculous to put it mildy. Some have allowed themselves to be seduced by “liar loans”, and it’s pretty hard on someone who’s had their house taken away from them. There are many who can afford to buy, but won’t because a) they would be paying way over the odds, and b) simply moving away is not that simple for those who have work, or families in the area.
There is not a sane person I have met who has openly declared the state of the housing market, as normal, and without potential risk to home owners, and having possible long term cosequences for the national economy. They include realtors, mortgage brokers, investment advisors, and the media.
I’m not sure anyone wants to see a “crash” because that is not in most people’s interests. I think many would like to see a gradual return to normalcy with as few casualties as possible.
