tag:blogger.com,1999:blog-3098264341625381422.post3748218390738174546..comments2024-03-18T17:01:07.165-07:00Comments on The Provocateur: More Mortgage Nonsensemike volpehttp://www.blogger.com/profile/02999118519606254362noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-3098264341625381422.post-63567980423192625312010-05-12T17:11:23.106-07:002010-05-12T17:11:23.106-07:00I can't for the life of me figure out why peop...I can't for the life of me figure out why people think that high housing prices is a good thing. Was it not just a few years ago that people were complaining that less than 1/6th of houses in California could be bought by a person making median income paying no more than 30% of their income?<br /><br />The only reason people want their house values to go up is so they can flip 'em or borrow against the equity.AGnoreply@blogger.com