Can rising incomes offset
Submitted by HereWeGo on April 30, 2007 – 8:15pm.
Can rising incomes offset the effect of housing tumbles on the greater economy? Maybe, maybe not.
Can rising incomes buoy housing markets in the rabidly frothy coastal areas? Doubtful.
Rising incomes = rising interest rates because they both are a measure of inflation. That will cause a drop in prices as more people are “priced out” by interest rates, they’d have to be priced back in by lower house prices.
Rents will rise with income.
Cool.
Cow_tipping.
