Investors!

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Originally Posted by Danzig

hmm...countrywide won't be doing loans over 400-some thousand dollars. are those the ones who default the most? the high dollar mcmansion buyers?? some people no doubt are 'house poor'--get ambitious, buy a huge house--and then can't even afford to furnish it.

This is something that I think most people knew would happen. I have been renting because I live in a market where it is very difficult for first time buyers to get involved. I won't buy until I know that I can comfortably afford it.