Originally Posted by rickair7777

Yes the economy is humming along, but it's not showing signs of ridiculous exuberance.

My neighbor, who does residential real estate, noted a new paradigm.

In 2005, people were desperate to get on the speculative escalator before it left them behind.

Today, they are far more reluctant to buy expensive property, mostly only doing it for lifestyle reasons and only if they can afford it, not because they expect a windfall.