Re: housing deflation
Jim Devine wrote:
[alas, this useful article elides the macroeconomic impact of housing-price deflation, which might be the straw that breaks the back of the consumer borrowing-and-spending boom, encouraging recession.]
True, but it was nice to see someone in a mainstream pub question the virtues of housing inflation - which as the late Ed Hart of the late FNN used to say, is the American national religion.
Doug