[RockinRight]

Homes are worth less than half the amount they were at the time of the loan and the owners can’t make the payments.

And where is this? I can't think of any market where home values are down 50% from a year or two ago. NOWHERE.

This author is either an idiot, or an idiot with an agenda.

[RipSawyer]

And where is this? I can’t think of any market where home values are down 50% from a year or two ago. NOWHERE.

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Check the youtube link on post 11.

[John Leland 1789]

Dr. Boys was specific, not general in his comment. He speaks of a specific type of loan and what affect it had on the home values of some people. And he spoke the truth about it.