I agree with you Randy but also remember that people put themselves in deep and living from paycheque to paycheque. Just lucky they don't have kids.
Your first house shouldn't be crowding 1 million and then go out and buy a new car and so on and so on.
No wonder they are losing homes etc.
I strongly believe it's the real estate agents that are sending the prices sky high. The higher the price the more money they make.
But we're not the only country facing hard times but we're in better shape than most others