Treasury Secretary Hank Paulson thinks the whole problem of the financial crisis is because of the Pricing correction on houses.  He just said this in his testimony statement before the House Finance Services Committee.

THAT'S JUST WRONG

People cannot afford these prices because they offshore outsourced the jobs, brought in cheap labor to undercut US workers and their wages and enabled the biggest global wage arbitrage since slavery!

It's also plain wrong on the cause, which is unregulated derivatives and the shadow banking system.

The median price of a home, nationwide is still over $210,000 and the fact is people simply cannot afford that. In cities where the jobs are...it's much higher.