PS, I couldn’t agree more with your analysis of the impact of drying up credit/liquidity/FNMA retreat on ability to buy and, ultimately, prices.
It may be overboard (but I think we may be in for it), but I’m reading up on the Great Depression, from books that I saw on Beartopia: Anatomy of Crash (very good), Just Yesterday (life in the 20s) (excellent), and, next, Since Yesterday (life in the 30s).
