[DB]

So "over valued houses" and "low interest rates" are the problem...

So under valued houses with high interest rates should fix everything...

Where's Carter when you need him...

[I still care]

Oh, goodness - I remember that. I was just married at the time Carter became president, and all my friends were buying houses. Then when the bottom dropped out of the real estate market, they had mortgages that were impossible to redo! Some people were carrying mortgages at 17%, and couldn't remortgage because their house values had dropped, leaving them with no equity.

I think the answer might be a course in high school on practical finances - credit card debt, how to buy a home, renting vs selling, buying a car, how to invest - it would also help wake kids up to the practical side of life - something they seem woefully short on when they get out of school.

They teach so much garbage, you would think something this important might get covered.