It’s a common enough story. A family puts their house up for sale after one of the parents gets a great job offer in another city. Sure, they bought the house at the peak of the housing bubble, but they refuse to sell for less than they paid. The house stays on the market for months on end.
Former Treasury Secretary John W. Snow has told the New York Times that he, along with the entire Bush Administration, simply “forgot” that people had to be able to “afford their house.”