jv103 on 17 March 2009
Look at it this way, without the artificial inflation of our economy in the last few years or so from the housing boom, we would have been in a recession or a period of stagnation during the last few years. The rides over. Besides I read somewhere, I can't find a source that at least half of the people who got subprime loans had income above the local median...of course prices were so inflated that median income couldn't possibly cover the price of the home (probably shouldn't have bought them).
