The hand-wringing and wailing in "Dealing With the Downturn" (Dec. 2), makes me smile. Finally, justice for the greedy.
My spouse and I, in our early 30s, bring home about $50,000 a year before taxes. Yet we can't even dream about owning a home.
Perhaps we could qualify for a loan, but we have no money for even a 10% down payment. We don't have rich relatives who could give or even loan us that money. At our current level of savings ability, it would take us 15 years to build up enough for a down payment, and by then the currently exorbitant prices will only be worse.
But instead of whining about our straits, I'd rather gloat over justice for the true villains in the "slump." Greedy homeowners, you're the ones twisting the knife into young adults like us, stuck throwing money away on rentals (which also are overpriced.