Reply #12: #5 [View All]

[NewJeffCT]

that may be true, but interest rates have been kept artificially low the past few years and when interest rates rise (expect Greenspan to send them up after the election!), the housing bubble will pop and many people will be stuck with negative equity in their homes and are now making much less money per household than they were only a few years ago. I think real wages have gone down about $5K per household.