tag:blogger.com,1999:blog-7102565543549142384.post172929925130389120..comments2024-02-24T01:54:03.710-05:00Comments on Regent Law Family Restoration: Housing and Strong FamiliesRegent Law Centershttp://www.blogger.com/profile/07743497742242077738noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-7102565543549142384.post-62937914014630455872008-09-02T09:42:00.000-04:002008-09-02T09:42:00.000-04:00Home ownership used to build family wealth--- that...Home ownership used to build family wealth--- that was before the housing bubble, which peaked in 2005. Housing prices now no longer have a relationship to family incomes. <br><br>Mortgages used to use about 30 percent of household income-- now for the same housing it costs up to 80 percent of income. Buying a house is no longer a path to wealth for first time buyers-- it's a path to house poverty. Especially now, since housing prices are going down instead of up. The housing bubble was and is unsustainable. <br><br>http://www.thefinancialhelpcenter.com/Real-Estate-Pics/Shiller.gif <br><br>It's a great thing for families that the cost of housing is going down. Even if a few families who bought in the last five years get hurt. Why do you say it's a bad thing? Would you have everybody be house poor forever to protect a few who made a bad investment? I thought you were conservative.Anonymousnoreply@blogger.com