affordability--it takes time for income to rise in par with

本帖于 2007-09-18 10:08:24 时间, 由普通用户 表情符号 编辑

"high" inflation. when people spend more on non-discretionary items like food, clothing and energy, they have less left for housing.

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Yes. when inflation rate is high, people will worry -山高月小- 给 山高月小 发送悄悄话 山高月小 的博客首页 (468 bytes) () 09/17/2007 postreply 20:51:11

people now pay their credit card bills before their mortgages -tafa- 给 tafa 发送悄悄话 (0 bytes) () 09/17/2007 postreply 21:00:49

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