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b_b  ·  3220 days ago  ·  link  ·    ·  parent  ·  post: Wall Street Veterans Bet on Low-Income Home Buyers

And of course the interest deduction and the capital gains exemption do nothing to put the breaks on this phenomenon.

My neighbor just put his house up for $600,000, and it's not that different from mine. If it sells (and I don't think it will at close to that price), I think I'll try to be the lesser fool and get out of the home ownership game for a year or two until things get irrational in the other direction again.