Dabbio

A Robust Segment of the Housing Market

There is a thing called inequality, growing wildly. It means that the US economy is bifurcating-- dividing into two economies: the 1 percent who own 20 percent, and the 80 percent who own the rest. The super-rich, and their housing values, will not be much affected, even in the later stages of the recession coming up. In fact, they will probably end up with an even greater share of the national wealth. But we love to believe that we can get in that class some day. You have better odds in the lottery.