Sometimes pain is good

There is a reason why it’s periodically useful for hyper-inflated real estate markets to correct:

A pair of reports released Tuesday highlighted the upside of the real estate downturn: Housing is becoming more affordable for more people across California and the Bay Area.

The percentage of households able to buy an entry-level residence in the state reached 48 percent during the second quarter, double the level from a year ago, according to the California Association of Realtors.

You can read the rest here, but any yahoo could have figured this cause and effect equation out on his or her own.