There seems to be just as much corroborating information to support Scruffydog’s comments as there is for ours. I’m just trying to be unbiased, but to be honest I must say that I am a little biased on the side of the Piggington’s as far as house prices. I would say 60% Piggington and 40% Scruffydog. As far as people having money, there is no doubt that people have money and a lot of it. Maybe I should say buying power which is probably more accurate. Buying power is what counts seeing that it sets the tone for upward movement in prices. Credit / Dept contraction theory has been around for a long time and nothing in the way of a crises has happened. Don’t get me wrong I am set up financially in such a way that I would benefit immensely in a depression scenario, but when is the big question.
