Homes cost too much even before the bubble, so home buyers were willing to do anything to get into the domicile of their dreams.
By: John F.Wasik
You would think with home prices still dropping like hailstones in most areas, that homes would be bargains.
The present buyer’s market obscures a key fact about the housing crisis though: millions sought the refuge of cheap credit, subprime and adjustable loans during the boom because they were the easiest routes to homeownership in a time when house prices far outpaced income growth.
The sad fact is that the Great American Dream is …