When Spending Stops--Like GOP Advocated

[mascale]

The U. S. Census keeps tabs on existing homes sales. Currently, no spending is happening there.

In fact, likely anyone has to back to the Great Depression to see the current Great Depression level of spending on housing sales.

http://www.census.gov/const/soldann.pdf

Anyone knows at the Ivy League, of course: That it can't happen here.

"Crow, James Crow: Shaken, Not Stirred!"
(Many Ivy League got banking bail-out. Many Car-Making got big bail-out. Teachers and bureaucrats who caused the downturn got the bailout, including many who carry guns to kill their own people. A roof got built on an outhouse in a meadow near Mammoth Lakes, California. That was the Obama-Biden Stimulus!)

 

[ShackledNation]

Home prices are not going to go back up, nor should they. The problem was the boom. The bust was returning things to normal. It is illogical to think a home aging over time will exponentially increase in value when the supply of homes is also exponentially increasing in value. Hence the term housing bubble.