[Porsche-O-Phile]

Who really cares? A house is a house - not an ATM.

It's high time we as Americans started realizing this and living accordingly. This is long overdue, IMHO.

The biggest problem as I see it is that the banks/lenders aren't going to write any new mortgages for a long, long time, which will only penalize the people who were restrained enough to not participate in the recent housing market bubble stupidity and/or too young to do so at the time. The "American Dream" as it refers to people owning their own home will absolutely and positively be off the table for an entire generation of Americans because lenders are too stingy and prices are too high. I honestly believe this is the likely outcome long-term. Nothing less.