[DCPatriot]

This, too, shall pass.

I disagree...in a sense that home ownership will continue to bring equity profits as in the past.

Speaking as a Realtor for 30 years, the prices had gone too high to sustain.

Unless they start offering 200 year amortization schedules, buyers won't qualify for mortgages...and nobody is able to save for a downpayment to meet FNMA guidelines.

And we haven't even begun to discuss the fact that today's 6.5% 30 year fixed rate is historically low and not guaranteed to be there indefinitely.

[RexBeach]

Well, you’re in the biz and you know your stuff.

But prices, I think, will come down further and that should help. Yep, prices are stil mighty high, but the marketplace ought to take care of that. It always has.

BTW, according to Bankrate.com the APR on a 30-year conventional mortgage is a 6.15%. Pretty good number there.

Thanks for the post!

[RockinRight]

Are you saying that equity WILL continue to bring profits or not? Not sure I understand your post.