I'd like to add another factor to the mix before I join the boss in bed. I see a trend in our area to three income purchases. Grandpa or grandma moving in with a working husband or wife. Or working kids in their 20s. Loans being based upon three incomes.
This is interesting. I've been predicting the demise of the nuclear family and return of the extended family for a decade. Guess the housing market served to hasten it along.