Yes.
It's a lie that a house is an investment. It's a place to live. I bought because I like the idea that I'll have a house at the end of things (though I have heard of studies that show that it's financially better to rent and invest rather than buy) and that I'm not beholden to anyone for what I do to the house. But ultimately, the house price is irrelevant to me because the basic equation is "I pay X, I have somewhere to sleep".

The only real way house prices are relevant are 1)Lower house prices=lower taxes (hopefully) and 2)If we do upgrade, the price differential will be smaller.
(Richy_T hundreds if not thousands of dollars, Fri 23 Jan 2009, 16:42, Reply)