I am puzzled as to how anyone could think an armaggeddon scenario like a drop like that in housing could stand alone, but itleast those who thought that have the counter proof right in front of them.
I’m not disagreeing with you, but I’ll have to point out that our country did just fine when homes cost half what they did now.
Given that our economy is driven by consumer spending, wouldn’t it be beneficial if everyones mortgage payment was cut in half?
