[nopassrecover]

How so? Houses, as a rule, are investments, and like any investments should be considered rationally.

[true_religion]

He's saying that half a million is too much for a merely 'nice' home.

But this is just a linguistic conceit on the part of home buyers.

There are mansions (homes that you can't afford), nice homes (homes that you can afford, and are in good condition/areas), and there are slums (homes you can afford, and in bad conditions/areas).

No one wants to live in a slum. No one can afford a mansion. So a 'nice' home is the only realistic choice.

[jpr]

Isn't this the very kind of thinking - thinking that houses are investments and surely the prices will go up - that caused the housing bubble?