Heard the following the other day,
Cheaper oil = good
Cheaper food = good
Cheaper housing = bad????????
My dad bought a brownstone in a now uber-trendy urban area 20 years ago. It was a diverse neighborhood back then, with working class people and renters. Now rents are through the roof (2,200.00 for a 1 BR) and homes are over $1,500,000.00. All the eateries are upscale, trendy and expensive. Only trendy and upscale people can afford to live there.
My Dad laments that SOMETHING must be done to make the city affordable (It was before he and others gentrified it)
I am waiting for him to cut his rent in half *crickets*