Something Drastic Needs to Be Done

regarding the housing/foreclosure crisis, but naturally Obama, being the neoliberal shill he is, doesn't plan to do anything constructive about it.

The problem of course is some years ago the banksters and their ilk began peddling the propaganda of buying houses as  "investments," instead of as  places to live, and therefore if one could buy at the "right time," the "owner" could sell it at some outrageously inflated price later on and thus pay for his or her retirement.  The trouble is it didn't take long for housing prices to become completely out of whack of what wages and salaries were.  It got to the point where even having two adults working fulltime would not pay the mortgage.

And why in the hell are people stuck with 30-year mortgages and in most cases never actually own their own houses?  In my parents' day, they saved until they could afford not just a down payment on a house, but they could be able to pay cash for a house outright.  We need to go back to those days where one average wage earner could save enough money to own a house free and clear.  Mobile homes don't count because most of the time one has to pay space rent.

Houses for $150,000 or more are way out of line for what jobs are paying for a single wage earner.  No house in the country, save for a tiny number of communities and those grotesque mansions or houses with significant acreage, should sell for more than $50,000 or $60,000 tops, including the lot.