I do not know Janet Albrechtsen of the Wall Street Journal, but I like the way she thinks.  http://online.wsj.com/article/SB122325772150706655.html#printMode

Not everyone SHOULD own a home.
As Janet points out, maybe only a foreigner could say this…but I am an American, and I tend to agree with this statement wholeheartedly.

Citizens need to start learning to live within their means. If this means you can only afford an apartment, so be it.

When I was 6, President Jimmy Carter signed the Community Investment Act. This allowed banks to give loans to low income people.

Maybe we should ask these people if they were educated enough to know what they were signing.

Here’s something else: Refinancing your mortgage to get a better interest rate or consolidate loans? Was your homes “worth” inflated?

There are so many homes for sale – and so many homes being taken off the market because they cant get the asking price. Homeowners cant sell their homes for less than they have “invested” in them due to personal debt.

Now, does anyone else see where our troubles lie?