 Quote:
Originally Posted by twaddle
Let's dig for that pony!
Are there more home owners or more first-time buyers?
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Sure there are more home owners. But what % of those home owners are downsizing in any given year? Seems like those are the only ones hurt.
What difference is it to me if my house (on paper) goes from a market value of $400K to $350K, especially if I'm not selling? And if I am selling, well the house I'm buying dropped from $400K to $350K also. Heck, I save on realtor fees - it's gravy 
Yes, if you over-extended yourself and are forced to sell and are going to rent afterwards, you are hurting. For most of the rest of us, I don't understand the fuss.
-ERD50
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