Econo-Girl likes the analysis on this one. It basically acknowleges that the US, and consequently the world, is heading towards a recession when the housing prices level off.
The lone dissenter mentions that people are not spending more because their house is worth more. Hmmm. Econo-Girl has doubts. It's that "ME RICH NOW. ME SPEND. ME CAN AFFORD. UGH." Not the "ME NEED TO SAVE FIRST."
When will it become macho to save first?
Right now, the Depression era children are dying off. It seems the lessons they learned are dying with them.