[quote=jpinpb]Again, none of this makes me wonder. Do not dismiss or discount the invisible stimulus of people not paying their mortgage. That’s a lot of extra money for dinners out and movies and shopping.[/quote]
Agreed. There are still a lot of people out there who are either not paying their mortgages, or who have very reduced mortgages due to all the interventions. Also, people who are moving in with kids and parents free up a lot of income as well.
Pretty much confirms that LOWER housing prices/costs are the solution to our problems.
