[singfreedom]

I’m really wondering if that isn’t part of the problem with the housing market: Too many $3 an hour workers HAVE purchased houses, now they can’t afford their adjustable rate mortgages and are being foreclosed. That would crash the housing market, wouldn’t it?

[marty60]

Absolutely, Your right , I think maybe your scenerio makes more sense. Probably a mixture of bouth. Ofcourse that means no recovery for individual builders and banks.