cheaprealty net

Is that wishful thinking? Do I detect cracks in the foundation supporting skyrocketing housing values? Can these inflated asset valuations actually return to normal historical values anytime soon?

Ten reasons why we should hope so:

10. Baby Boomer retirements should be financed by income producing investments, not asset inflation and reverse mortgages.

9. Young couples should be able to buy a 700 square foot home for less than $700,000.

8. Less money spent servicing debt on massive loans means more money for savings and regular consumer spending.

7. An economy based on equity extraction is not the same thing as an economy based on spending money earned and in the bank.

6. Overpriced McMansions in the 'burbs might not look so fresh if heating and transportation costs spiral. That won't happen, right? Try this: bring back working class bungalows, instead.