Nope, I'm talking about the people who bought a house with ARMs, IOs, or negam loans where the only way the math would work is if the house value continued to increase so they could later sell or refi. If you were in the housing industry and didn't see the end coming, then I don't know what else to say. 20% or more/year is not something that's ever sustainable, and if you think it is I have a tulip bulb to sell you!
QFT