cooprider wrote:Great insight

[(former)FormerSanDiegan]

[quote=cooprider]Great insight EconProf.

Maybe someday Gov’t and economists will realize low home prices are good because it means people can spend more money elsewhere.[/quote]

The fact that many people will be spending less on housing will be the stimulus that leads to economic recovery.

I don’t believe that this is the end of the business cycle.