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Politics : Formerly About Advanced Micro Devices
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To: tejek who wrote (447604)1/14/2009 6:24:35 PM
From: bentway  Read Replies (1) of 1575882
 
"That's why stabilizing the housing market is very critical."

Ted, housing won't be "stabilized" until the average house price is 3x the average median yearly income for any given area. We're a LONG way from that, pretty much everywhere. If it seems like things are getting better, I'd credit it to a Japanese-style 0% real interest rate, which can't be forever.
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