Homes Still Cost Too Much

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 …

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