Comments on: A lot has been said about the Subprime market implosion… What about the other programs? http://www.dallasloanguy.com/wordpress/a-lot-has-been-said-about-the-subprime-market-implosion-what-about-the-other-programs/ A repository for some of my writings Tue, 06 Jan 2009 23:55:31 +0000 http://wordpress.org/?v=2.0.5 by: Ed Rybczynski http://www.dallasloanguy.com/wordpress/a-lot-has-been-said-about-the-subprime-market-implosion-what-about-the-other-programs/#comment-21 Sat, 24 Mar 2007 15:20:51 +0000 http://www.dallasloanguy.com/wordpress/a-lot-has-been-said-about-the-subprime-market-implosion-what-about-the-other-programs/#comment-21 Tom Very well said. People in most areas will have to recognize the need to downsize on the price (perceived value) of their dream home. I sometimes think that I'm the only person I know thats not living in a million dollar plus home. The truth: Many people that I know sold their homes at over-inflated prices to buy bigger over-inflated homes using exotic loan products with ridiculously low teaser rates. I agree that markets will eventually recover, but anticipate an overall downward adjustment in housing values to correct for market imbalances. Tom

Very well said. People in most areas will have to recognize the need to downsize on the price (perceived value) of their dream home. I sometimes think that I’m the only person I know thats not living in a million dollar plus home. The truth: Many people that I know sold their homes at over-inflated prices to buy bigger over-inflated homes using exotic loan products with ridiculously low teaser rates. I agree that markets will eventually recover, but anticipate an overall downward adjustment in housing values to correct for market imbalances.

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