Home › Forums › Housing › Is it bad everywhere? › Nor-LA-SD-guy wrote:As for
[quote=Nor-LA-SD-guy]As for this X shaped recovery theory ,
I would say yes we won’t be getting back to 2005 anytime soon, but I don’t know many people driving 26 year old cars either.
Just replacement buying and population growth would get us 70% of the way back at this point.[/quote]
Replacement of what? And population doesn’t increase when jobs are scarce.
Where is the purchasing power coming from? Nothing I see except for inventory manipulation points to higher prices.
