It will bounce back. It always does. The market is just fixing itself.

I hope people learn from this mess and make stricter laws and rules about who gets loans and mortgages. Right now they are giving them to every Joe Schmoe that walks through the door. It's part predaztor lending but it's mostly the fact that Liberals have been making sure these matters are "equal oppurtunity" or "fair lending". Which REALLY means "taking money even though you know you can't afford it" or "I just glimpsed over the small print instead of reading it through".

What ever happened to saving up and working hard to support your family, house, car, etc.? Now everyone thinks they are entitled to this shit (just like healthcare).