Realtors and lenders ate all the first time home buyers

[2Design]

[terisan]

1. Very funny-yes they have to wait for the new crop of home-wanters to mature. nt

[dkf]

2. Only the very cautious folk are left.

The others got eated.

[sandnsea]

3. Boost wages

and create some new first time buyers, but this time don't create a phony investment scheme and just settle for the interest the way they did in the old days.

[bluesbassman]

4. Yeah, and the guy who bought his house for $150,000 in 1998,

and then waited until his realtor brought him fifteen offers that pushed the price up $50,000 over asking price and sold for $550,000 in 2005 was just a shrewd business man.

There was plenty of greed being passed around during the boom. You have to have willing participants on all sides of the transaction.

[The_Casual_Observer]

5. Honest to god, how many people could really afford a $400,000 house?

And that was cheap a year or two ago around here.