You hear it time and time again, everyone is seeking to get back to the “F U N D A M E N T A L S”. Unless incomes increase SUBSTANTIALLY (which isn’t going to happen), the home prices will have no choice by to come down, sooner (or later). No Wall Street mogul is going to carry the debt of a stupid person for years and years and years. Not gonna happen. Plus, there is no way there is enough governmental funny-money to go around to even fund our military, the deficit, or social security such that our government-types are going to be able to pump enough money (or terms) into this over-inflated housing market.
