I agree - a good portion of the people losing their homes right now should never have purchased them.  They couldn't afford them in the first place and they were gambling on the market continuing to go up.  We are seeing a normal cycle - it's happened before, it'll happen again. 

Hallelujah! No kidding. When are we going to take responsibility for our actions instead of placing blame on everyone else?

Hope Goss  The stories should be about greed, and loan fraud.

AmState Realty Solutions LLC  So true!

Correct on all accounts, but it seems that you are preaching to the choir as most of the agents that are still in the market are probly the ones who knew this news before it happened.  Wish the media would be a lot more straight forward and tell the positive truth.  Thanks for your post.  Right on.

Jim i agree with you and Denton, we as professional must explain the good and bad to both buyer and seller.

L. Wayne Denton I HAVE A HANDLE ON YOUR MARKET! ! !   The media is really behind the times, and not focused on the real stories.

 Frank Rubi Louisiana Real Estate-Homes for Sale   Thanks Frank.

Jim,

This post touches a chord!!! There is so much 'fiscal irresponsibility' around, you must wonder what is really being taught in schools!!! Thanks,   Fran

Jim , I so agree, Media needs to tell the truth about the market

 Fran 'The Title Man' Gaspari Title Insurance-PA & NJ It is all about personal responsibility.