Why not? It's always worked with the sheeple before. You think this is big just wait until the dollar loses half of it's value in the next year. The United States is no longer a strong nation. We are the once wealthy estate that is now being liquidated to pay for past excesses and to continue paying for more. These bastards in Congress(with our blessing) have got us well on our way to third world status.
When the housing bubble collapses the fun and games are really going to start. And then there are always the Social Security and immigration fiascos.
When the housing bubble collapses the fun and games are really going to start I agree with all you say except this part. I don't think there's any kind of bubble in our area. We can get a 2000 square foot home around here for about 150,000 or less.
The coasts have a higher cost of living (including housing) but they also have a higher average wage to compensate.