[quote=The-Shoveler]IMO can’t discount the sugar high,
In the mid 80’s mortgage rates were in the 10’s housing was going up 15-20% a year in LA (defense spending boom sugar high).[/quote]
Undoubtedly we have had a number of sugar highs in the past, and probably will have more in the future. The problem with the sugar high though is that they don’t last.
