Why aren’t more people talking about price ADJUSTMENTS

[GoUSC]

Everywhere I read I hear about how we need to protect people from foreclosing. That we stand to lose billions in equity. But hardly anywhere do I see people saying, “The principal problem is values are too high.”. I know many people are shills for the housing market but the problem seems so simple in my estimation. The average person earns X, the house costs Y and needs to be Y minus Z otherwise the average person can’t afford it. PERIOD.

Frustrated in San Diego.

[34f3f3f]

I think the media may be partly to blame. However, to their credit this problem has been mentioned many times, but you only get to hear it if you tune into to broadcasts by people like Glen Beck, or read certain broadsheets. But I admit it is does seem weird that the issue is so understated, but perhaps it’s because it’s so obvious, at least to some.

[34f3f3f]

I think the media may be partly to blame. However, to their credit this problem has been mentioned many times, but you only get to hear it if you tune into to broadcasts by people like Glen Beck, or read certain broadsheets. But I admit it is does seem weird that the issue is so understated, but perhaps it’s because it’s so obvious, at least to some.

[34f3f3f]

I think the media may be partly to blame. However, to their credit this problem has been mentioned many times, but you only get to hear it if you tune into to broadcasts by people like Glen Beck, or read certain broadsheets. But I admit it is does seem weird that the issue is so understated, but perhaps it’s because it’s so obvious, at least to some.

[34f3f3f]

I think the media may be partly to blame. However, to their credit this problem has been mentioned many times, but you only get to hear it if you tune into to broadcasts by people like Glen Beck, or read certain broadsheets. But I admit it is does seem weird that the issue is so understated, but perhaps it’s because it’s so obvious, at least to some.

[34f3f3f]

I think the media may be partly to blame. However, to their credit this problem has been mentioned many times, but you only get to hear it if you tune into to broadcasts by people like Glen Beck, or read certain broadsheets. But I admit it is does seem weird that the issue is so understated, but perhaps it’s because it’s so obvious, at least to some.

[kewp]

I feel your pain, man.

There are thousands upon thousands of qualified, first-time buyers with stable income, good credit (and maybe even a down payment!) that are simply priced out of the current market.

The problem is that there are a record amount of home-owners (debtors) thanks to the easy lending standards of the past. So the majority are going to be losers in a nationwide housing slump.

Btw, Americans will lose *trillions* in equity before this is all over.

[kewp]

I feel your pain, man.

There are thousands upon thousands of qualified, first-time buyers with stable income, good credit (and maybe even a down payment!) that are simply priced out of the current market.

The problem is that there are a record amount of home-owners (debtors) thanks to the easy lending standards of the past. So the majority are going to be losers in a nationwide housing slump.

Btw, Americans will lose *trillions* in equity before this is all over.

[kewp]

I feel your pain, man.

There are thousands upon thousands of qualified, first-time buyers with stable income, good credit (and maybe even a down payment!) that are simply priced out of the current market.

The problem is that there are a record amount of home-owners (debtors) thanks to the easy lending standards of the past. So the majority are going to be losers in a nationwide housing slump.

Btw, Americans will lose *trillions* in equity before this is all over.

[kewp]

I feel your pain, man.

There are thousands upon thousands of qualified, first-time buyers with stable income, good credit (and maybe even a down payment!) that are simply priced out of the current market.

The problem is that there are a record amount of home-owners (debtors) thanks to the easy lending standards of the past. So the majority are going to be losers in a nationwide housing slump.

Btw, Americans will lose *trillions* in equity before this is all over.

[kewp]

I feel your pain, man.

There are thousands upon thousands of qualified, first-time buyers with stable income, good credit (and maybe even a down payment!) that are simply priced out of the current market.

The problem is that there are a record amount of home-owners (debtors) thanks to the easy lending standards of the past. So the majority are going to be losers in a nationwide housing slump.

Btw, Americans will lose *trillions* in equity before this is all over.

[GoUSC]

It really really frustrates me. You act responsible, don’t get yourself into debt up to your eyeballs, don’t buy a house you obviously could not afford, and you end up getting screwed for it. Man I hate this situation. I can only hope we see a significant adjustment in the coming years. Hopefully the economy stays SOMEWHAT okay so that those of us that wait will still have a JOB at the end of the day.

[GoUSC]

It really really frustrates me. You act responsible, don’t get yourself into debt up to your eyeballs, don’t buy a house you obviously could not afford, and you end up getting screwed for it. Man I hate this situation. I can only hope we see a significant adjustment in the coming years. Hopefully the economy stays SOMEWHAT okay so that those of us that wait will still have a JOB at the end of the day.

[GoUSC]

It really really frustrates me. You act responsible, don’t get yourself into debt up to your eyeballs, don’t buy a house you obviously could not afford, and you end up getting screwed for it. Man I hate this situation. I can only hope we see a significant adjustment in the coming years. Hopefully the economy stays SOMEWHAT okay so that those of us that wait will still have a JOB at the end of the day.

[GoUSC]

It really really frustrates me. You act responsible, don’t get yourself into debt up to your eyeballs, don’t buy a house you obviously could not afford, and you end up getting screwed for it. Man I hate this situation. I can only hope we see a significant adjustment in the coming years. Hopefully the economy stays SOMEWHAT okay so that those of us that wait will still have a JOB at the end of the day.

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