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I just read an article by a journalist that shows how little people know about economics.  The basic thrust of the article is that the middle class will soon not be able to afford a home.    I have inserted the link to the article for your amusement.

http://articles.moneycentral.msn.com/Investing/HomeMortgageSavings/WhyYouWillNeverOwnAHome.aspx

This is patently wrong, ignorant, and silly.  The market will ALWAYS adjust to demand.  It ALWAYS moves toward equilibrium.  At present values have gone up faster than they should, and they will readjust over time.  The present situation is proof.  Home median sale prices have declined for the first time since 1968 (the time they started statistical analysis).  The balloon has burst, and values will continue to adjust to the market demand.

So if you read that article do not despair.  It's just plain crap.