[LS]

Dave, first, yes, I gave! Second, you are absolutely right. This will drive the "gloomsters" crazy, except they will say, "SEE, more of a coming credit crash due to the 'overbuilding' of houses!'"

[Grampa Dave]

Also, home owners ofter become conservatives or even stronger conservatives.

Poohbah has a saying, and I can't remember the exact words, but it goes something like "Property Taxes and Crab grass makes stronger conservatives~~~~~~~"

Hopefully Poohbah will chime in with his words here.

Also, in areas where the property value goes up and interest rates remain low, the refinancing that is done every 2-4 years is a real positive for the economy.