[Kretek]

They don't, it's the person who PAID the money that caused this. Consumers decide market value, not the other way around.

Not in housing - people don't PAY for houses, they get mortgage loans and then pay off the loan. The irresponsible acts of the lenders, in so-called "creative" financing, have enabled the skyrocketing prices of real estate.

I hope this bubble bursts and soon, and lenders return to sane, responsible, and non-predatory practices.

[softwarecreator]

True.  I should have thought of that.

Thanks.

[N3WBI3]

Don't worry soon we will pass a law making sure that banks making such horribly irresponsible loans don't feel any effects of them. Kinda like we now protect credit card companies who are dumb enough to give college kids with no job a card, or people with little income a high limit..

When we are done with that well find something else for the repubs to do that does not involve securing our borders, reducing government spending, or using more than UN style pressure tactics to get the Chinese to float their currency..