These economic “experts” were never taught that the very act of either buying or selling is a social act based on an extremely large universe of decisions. A significant part of that universe is socially driven. Have you ever heard of; “Keeping up with the Jones’, or “New and Improved” or watcher 1/3 of the nightly TV fare called advertisements?
My house has ‘DIPPED” so much,all I will be able to afford is one of those $100.homes in Detroit.