I know.

A friend of my daughter's got a research job in Phoenix in 2007, just before the end. They bought a house in a nice neighborhood. Thought they got a good price. The price was lower than it had been, but they thought it was a leveling out of the market for a while. They did not buy what they could not afford. They had a decent size down payment. The American Dream was theirs.

But even though they did things like they were supposed to do, now from their lovely home, they see only empty houses. Empty, neglected houses. They thought they had made good financial decisions. They played by the rules that we all know. And now they are stuck.

"Unrestrained greed is not only bad morals, it's bad economics."

You painted us a picture with your words, VK. I am afraid it's a really big picture.

Boomer