Underdose, I think that in order to have housing actually rise in price, we will need to have wages increase so that the debt can be sustained. Or the interest rate would have to be in the 1% to 2% range. I dont know if either of these could be accomplished in todays environment. I doubt very much that wages will be rising any time soon with unemployment in CA at 7.7% and 6.1% nationally. So that leaves lowering the interest rate. A few trillion US$ in T Bills outta do it. But what kind of premium will our lenders want for such a folly?
