[DCReid]

Maybe one point of the article is that policies may have had an unintentional effect of distorting the main value of a home as a place to live and not as a place to profit from. Seems like many owners come to view their home as an ATM machine where they can take out loans on the increasing equity or they can get bigger and bigger houses because they only need to put down 20% (or even less). It is odd that homes are bigger and bigger but family size is smaller and smaller. McMansions are popular again. I'm just as guilty - I can see myself as one person renting no more than a one bedroom but would not purchase anything home smaller than a 2 bedroom 2 bath that is more than 1200 square feet.