The consumer doesn’t have access to easy re-fi money that powered so much of the economy for the last 20 years or so. That source is gone, gone, gone, gone for as long as people are underwater and shedding second homes, keeping prices depressed. End of story.
“The consumer doesn’t have access to easy re-fi money that powered so much of the economy for the last 20 years or so. That source is gone, gone, gone, gone for as long as people are underwater and shedding second homes, keeping prices depressed. End of story.”
Good point. Yet our dear leaders seem deaf and dumb to economics and economic reality.