You want breathless Hyperbole...? You got it.

The only thing we can surmise about the coverage the press has been giving the “recession” and the “housing crisis” is that we must be living in the most fantastically prosperous period in the history of human civilization.

George Will chimes in on the “housing crisis”, here asking the question, “Do young couples struggling to purchase their first homes concur with the sudden consensus that the decline in prices is a national misfortune?”

And quoting The Economist: "Monthly payments on a typical house with a 30-year mortgage and 20 percent downpayment were 18.5 percent of the median family's income in February, down from almost 26 percent at the peak -- and close to the historical average."