Again you are just full of crap, and the housing market was not a plot against you. You seem to act like you are targeted somehow. If you could not qualify to buy a home, it was only because you were trying to buy with no money down, had a weak income, and were a bad credit risk. Sorry but it is people like you who try to beat the system,and were the ones that ended up upside down on loans, and when things got hard, just went into foreclosure. fORCLOSURES IS WHAT BRINGS REAL ESTATE DOWN, due to those who get extended into debt, max out credit cards, and go into bankruptcy. THAT IS WHY THEY PASSED THESE LAWS.
That was a good law that protected people that bought homes to live in, not for speculation to buy for no down, assume a loan, and spin the property into a quick profit, and just cause inflation that blocks normal people from buying homes. They are the ones who abused these assumable loans, made quick profits, and ran, leaving the bulk of the public who scrap for a new home unable to buy. Secondly is the ones who come from foreign countries, with all kinds of money to overpay in areas, or just bulldoze homes and rebuild them, they come in with so much money. The USA should not allow non-citizens to buy and sell real estate, until they are legal residents, and become american citizens. They overbuild in places where people start commuting long distances to work, they car pool spending 2-3 hrs a day on the road, to find affordable housing. When the jobs dry up, those places are first to empty out, and have 25-50% vacancies, which drives all the prices down.
Last, supply and demand regulates the value of real estate, if there are jobs, or no jobs, the cost of housing goes up or down. As supply gets shorter, people buy further out of main cities, like los Angeles, people bought cheap in Palmdale, and there is a great example of the demand dropping, jobs go away, neighborhoods end up half empty.