If normal people want a house they have to look towards foreclosures.

I think a lot of people like living in renting condos and apartments etc. I don't understand it but yeah I met a lot of people who favor it for some reason. It's easy to pick up and move I guess.

I've owned 3 homes in my life but now i'm renting. Why? because there's no money to be made like there used to be. In 2003 i bought a house for 225k, put 20k into it and sold it in 2006 for 375k. I made a bundle on a few other houses too. No thanks on buying a house in today's economic climate though, i'll let someone else do that and i'll rent from them.

I actually went to a seminar not long ago... reason so many apartment complexes are going up and rent on a single bedroom apartment is 60% more than it was a decade ago is because of the decline in home ownership.

Not sure if it is a solid indicator of a still stagnant economy but it's no indication of recovery either.

Change you can believe in

Government spending and currency devaluation so as to distort the value of equity and bond markets <> growth