some of my favorite things in the WSJ come from the comments section. It amazes me how out of touch with reality some of these people are:

• "...lower [housing] price ranges ... less than $350,000"
  
• "...homes in these area [sic] run the full gamut of pricing and it’s at their lower price points – below 750k and below 1Million that we are seeing more of a recovery"
  
• "What will rents be in 20 years? It is just plain crazy not to buy at these fire sale prices and the lowest interest rates in history."
  
• "the American Dream is in a coma on life support as we slowly become European. I will not buy a house when I know that Washington can and will undo my best efforts in their endless quest to buy votes with the money of its productive citizens."

This one echo's my sentiments:

What Frank and the other NAR shills fail to comprehend is that the dynamics of the workforce have shifted dramatically in the past 20 years. This is a global economy now, and the likelihood of a young individual or couple staying put at the same job(s) in the same city, state or even country for 10 years or longer is far lower than it was decades ago. Whereas homeownership was seen as a foundation of stability and the most important investment for the future for a young family in past generations, in today’s and the future global economy it will be increasingly perceived as an anchor. Buying a home you can’t sell in a few years if the need to move arises not only makes no sense, it also could be financially devastating. In this economy, mobility is your most important asset. If you buy a home, you give that up.