No, it completely misses the point. machogirl, like a lot of Americans, has been tricked by mortgage industry propaganda and family folk wisdom into thinking she has to own a house, and therefore must go out and compete with all the speculators in her area. Instead, she needs to do what any good capitalist would do - play the other side of the trade. Rent, save her money, let the fools bid the prices up, and take advantage of them when the market gives way.
The market doesn't owe you a house at a price you can afford. But neither do you owe the market your money when the value for the dollar isn't there.
A capitalist is only the victim of a bubble if he or she chooses to be. There is always another way to play the game.
From what little I get in child support, and spousal, it would make better financial sense to be able to buy a house. The rent I'm paying is only 40 dollars less than the mortagage. What deductions do I get out of that? By the way, this payment is about 40% of the child support/spousal. It is immpossible to save any money on that. It has to, needs to, go to my 4 kids.
I agree with the second statement. And the first may or may not be true, depending on the individual and circumstance. However, to hold that capitalism cannot be abused it just plain denial. Therefore it requires morality on the part of the participants, just as a free republic requires morality on the part of its citizens. It's the right system for people created to be free but demands self government.