Obviously to some, it's worth the price (I think you're insane  ). An adjustment in housing costs to more realistic levels would certainly help. While there may not be as much creative financing available, those loans were only cheap for the short term. As we're all seeing today, long term they are far more painful. A 40% drop in home values would be a huge benefit to the smart borrower that only uses conventional financing.
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‘07 Mazda RX8
Past: 911T, 911SC, Carrera, 951s, 955, 996s, 987s, 986s, 997s, BMW 5x, C36, C63, XJR, S8, Maserati Coupe, GT500, etc
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