re: #260 Occasional Reader

And we also keep getting told that our salvation lies in the housing market being re-inflated to its previous, ludicrously-priced levels. Huh?

Seriously. The housing market is doing just what it ought to. Prices are deflating to a more realistic level, and gradually the excess inventory will be bought up by first-time homeowners. I don’t feel too sorry for the people who treated their house like an ATM machine.