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Originally Posted by aceventura3
Let's say the market value of your house is up 50% over the last five years and then we have a 10% correction (which hasn't happened yet) you are still up a net 35%....
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No doubt. It remains the most important material investment (jumpinjesus - hint  ). Still, buying near the edge of a market swing can sure force lifestyle changes. I feel for the first-time buyers who let themselves be swept into buying at their absolute limits only to find themselves in a precarious position. Market-wide this only serves to depress prices and prolong the recovery.
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There are a vast number of people who are uninformed and heavily propagandized, but fundamentally decent. The propaganda that inundates them is effective when unchallenged, but much of it goes only skin deep. If they can be brought to raise questions and apply their decent instincts and basic intelligence, many people quickly escape the confines of the doctrinal system and are willing to do something to help others who are really suffering and oppressed." -Manufacturing Consent: Noam Chomsky and the Media, p. 195
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