The thing about that CNN article that has rubbed me the wrong way is that it was a lot of speculation and filled with a lot of speculative language.

Some examples:

“Some fear this development will make it harder for people, even those with strong credit histories, to get a home loan.”

…

“But if they are harder to get”

etc.

I don’t dispute that this is a real and serious problem. It just bothers me when “coverage” starts to drive the story. Speculative language does that.

The fact of the matter is that even if traditional financing costs more–as the story says it will–it still costs LESS to get a mortgage than it did in 1991.

People will still buy houses. The only difference is that the people will be more likely to be able to pay for those houses.