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razorbacker1/08/2009 3:17:47 pm PST

re: #319 doppelganglander

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.

But I do have compassion for those poor schmucks (like me) who lived within their means, bought affordable homes, and now get to see their taxes used to bail out McMansion owners who relied on ever-increasing home prices to finance their lifestyles.