job stability. would you buy a house, put money down on a house when you could lose it if you lost your job and had to sell in a down market?
the dot com bubble. 2001 prices were driven by dot jobs, after which, were gone. the rate cuts were to mitigate that recession, reinflating real estate onwards and upwards past 2003.
now i wonder… will the current rate cuts reinflate this bubble yet again?
