On one hand, people are cautious and have more doubts than ever about the safety of houses as investments.
Basically, Americans still dream of owning a home and there’s little to dissuade them.
Even after so much pain, there’s little hope people will stop wanting to own homes, and thus the government will inevitably oblige, sticking with all manner of incentives to keep the dream alive.
A majority of non-homeowners WOULD buy a home if their credit didn't suck... that's prime market for a sub-prime lenders!
Most Americans don't care if you have an underwater mortgage or financial difficulties, you SHOULD NOT default on your mortgage
Business Insider Emails & Alerts
Site highlights each day to your inbox.