Americans are soooo house-crazy. Once they buy a home they then proceed to go shopping and fill their houses with ‘stuff’. I have seen people say that they need to add rooms to their houses because there is no more space for their stuff — one half of the garage is already taken — or they want to buy a bigger home.
Perhaps, until people are willing to settle for their ‘needs’ as opposed to ‘wants’, I guess we will repeat this boom/bust cycle repeatedly…