Re: Mortgage loans
I personally want the price of houses to come down - a lot. There is no way a house should be over $500k where I live (unless it's a mansion/estate/etc). The incomes ($60k household) don't correlate with those ridiculous prices. I knew there was a problem when I had to really start asking myself where the hell all the money was coming from? Either everybody else except me suddenly got rich (doubtful) or something wasn't adding up. It cannot continue, and common sense tells me that it has to take a dive. The sooner the better as far as I'm concerned.
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