Ken Houghton looks at something one of the head honchos at KB Homes said about the tax cuts and notes:
Yep, the market for KB Homes especially has always been driven by people who make less than $75,000/year, and who think that $600 justifies adding mortgage debt.
Meanwhile, Yves Smith tells us that commercial real estate prices are falling. Color me shocked.
---
Update. Dean Baker looks at who hasn't noticed the drop in home prices...
And with that, I figured I should change the title of this post - its more about real estate than about stimulus...
Post a Comment