[quote=briansd1] . . . There is plenty of money sloshing around so it’s not like high taxes and government spending are sucking money out of the economy as the right-wing ideologues would claim. (Not to say that cannot happen but that’s not the conditions we have now). . . [/quote]
I really think a lot of the (private) “money sloshing around” is in the hands of Joe and Jane 6p Boomer (one or both over the age of 59.5). Their retirement accounts were stagnant (in poorly-performing stocks, zero-coupon-type bonds or all cash) and they might not see it lasting long enough to provide them with adequate income for the rest of their lives. Their primary residences in those cheaper-to-live “flyover states” have been paid off for years so what would one expect them to do but to seek out bargain investment RE while blood was running in the streets? This demographic likely will never see another chance to do this in their lifetimes :=0
