greekfire, I wrote it and then realized it was in your name. An unintended pun.
Your graph clearly shows why the Fed or financial sector (as another poster wrote) cannot save this housing bubble. The trend we’re on requires a borrower to pay ever increasing percentages of his wages on housing. That is not sustainable, nor is it healthy.
We should all root for housing to fall 50%, so we can use our nation’s capital for research, development, production, investment, education, instead of consumption of homes.
