How many Ph.D.'s does it take?

From the Modesto Bee: Housing sales continue steep fall.

One, the drop in prices and interest rates means a buyer could more easily afford a median priced house, based on a 30-year fixed mortgage with a 10 percent down payment, Lewis said.

"Local people can now qualify to buy that same home," he said.

One does not, in general, "qualify" for a house. All you need to do is pay the owner money.

That's how capitalism works. You don't have to "qualify" for anything. Just bring money and preferably lots of it. You'll "qualify" for everything with the right amount of dough. They'll even take dollars!

Presumably one may "qualify" or "not qualify" for a mortgage but a house is not a degree. Only in the Land of the McCrapBox populated with McMillionaires would a house be a "qualification".