Doug3370 Wrote:
Sep 30, 2012 10:31 AM
The problem goes deeper than "bubble". Median income is dropping. Median actual educational achievement is dropping. The physical infrastructure that underlies demand for detached, single family homes, is in difficulty: roads are clogged and in poor repair, electricity prices are rising as coal-fired plants are taken out of production in an attempt to limit global warming, and oil prices are rising partly for the same reason and partly because of middle east tensions.