
Rather than being priced out forever, the real risk in today's housing market is getting priced in for a very long time. Since lenders learned to can-kick their way out of any bout of irresponsible lending, they created a new phenomenon in modern real estate: priced-in forever. In a bygone era prior to the housing bubble, it was nearly impossible to be priced-in to your home for very long. Adequate down payment requirements coupled with stable and steadily rising prices made it unlikely a homeowner would ever be unable to sell and pay off the mortgage. If a borrower became financially distressed and started missing mortgage payments, either they would sell voluntarily, or the lender would foreclose to force a…[READ MORE]