And yes I do agree with you and I am anxious for the housing market to get back to normal. I sold my home in 2007 with the intent of repurchasing a new one in 2010. At the time our country’s household debt ratio was unsustainable and I assumed that the recession would clean up household our country’s balance sheets and reduce house prices to a sustainable level. I never would have thought that after 2 years of pain from the recession that our country’s households would have more debt in relation to their net worth than in 2007. It’s like a twilight zone episode with Paul Krugman doing the Rod Serling intro.

I only mentioned Paul Krugman because I just read his New York Times article and I am amazed at how our financial elite just don’t understand the situation we are in today. Krugman didn’t even mention Austrian economics which is the only school of thought that can explain some of the problems that are happening in our economy today. Of course the other problems can be explained by behavioural economics. Keyes and Friedman are dead literally and figuratively.

I think you are doing a great job, keep it up.

You’ll be surprised how much some people make.

I think this one is worth watching as a potential foreclosure in a year or two. This sounds exactly like what most people did in California during the bubble.

I also doubt they make $150K combined as a hairdresser and a “crane operator” (??!) They bit off WAY more than they can chew.

-Erica