But then other people got on board and the cancer spread up the food chain all the way to the top. People went overboard on easy credit from 2nd mtgs. on existing homes that are now worth 1/2 of what they were. Anybody in that situation is going to have to go bankrupt in the next few years. Why pay 400,000 for a house worth 150,000? This market has got a lot lower to go.
Conservatives think idealistically ... the rest think about how to move people's thoughts.
Watch again the movie, "Wag The Dog"