I just think people need to be aware of the consequences of that.
People need to think about the consequences of a market frozen at 10X incomes where a housing payment requires a 65% DTI payment at 2X fair market rent.
Just think, the house quits paying them, they quit spending all that nice equity, BTW did you notice the new big sellers this year at $150 GPS systems instead of $3000 LCD HDTVs?
