cashman, interest rates have gone down but what about inflation in other fixed costs? Cost of energy? Cost of education, healthcare, insurance, transportation, childcare. These have skyrocketed in the past few years much higher than core inflation. Also the disparity between the incomes of the fewer and fewer upper strata with advanced degrees and the working class is increasing.
Also, most of the loans with high LTVs in the past few years are temporarily at low interest rates, when they reset they will skyrocket!
