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<p>[QUOTE=&quot;InfleXion, post: 1616270, member: 29012&quot;]As a responsible home owner (never missed a payment, did a 30 year fixed from the get go, not an ARM) over the last decade, my perception is that the average homeowner has been hit very hard by the housing crisis. In 2008 I knew all sorts of people who were saying their house had lost $50,000 or more in net value. At the time mine was still in great shape, but since then it has lost $100,000 in value. Thankfully that is where I got in at so I&#039;m not hurting, but many people were enticed into home ownership by fast and loose loans from Fannie and Freddie and did not have the equity necessary to stay above water. Others were enticed by the seeming neverending rise in home prices, reminiscent of 1929 when everybody thought stocks could only go up, or 2011 when everybody thought silver was going to the moon. I was just plain lucky that circumstances lead me into home ownership the way they did, but if we all had to rely on luck to be successful not very many of us would achieve success.[/QUOTE]</p><p><br /></p>

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