Letters to the Editor
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Apparently, Most of You Live in Places Where Houses Values Still are Going Up
All You American Way Homeowner Patriots,
Just wait until the national malaise spreads to your zip codes. When your own houses start dropping in value, when you need to sell, but find no buyers for a year or more, you will blog out of the other sides of your keyboards.
Can you imagine selling your house for tens of thousands of dollars less than you owe on your mortgage?
You have an "It Can't Happen Here" (Frank Zappa) mentality. But the Conventional Wisdom is going out of fashion.
Good luck! I sincerely hope something miraculous happens, and we all head back onto our old, innocent guaranteed-profit track. But please take this as a warning. And do not post so arrogantly about home ownership.