Originally Posted by Dom1

I agree for the most part, but I do think there are some dumber people than those you llisted, such as those that think America will have tent cities.

You are correct, most of the problem is people who bought something they couldn't afford. But it is also the guys who lended them the money who are at fault for the overall picture. What has happened is the foreclosures of people's homes who shouldn't have been able to get the loan in the first place has made the home value of many other homes go down in value, which does effect a lot of other people. The only people it benefits right now are buyers, sellers are not liking it in some places at the moment.