Ken Houghton looks at something one of the head honchos at KB Homes said about the tax cuts and notes:
Yep, the market for KB Homes especially has always been driven by people who make less than $75,000/year, and who think that $600 justifies adding mortgage debt.
Meanwhile, Yves Smith tells us that commercial real estate prices are falling. Color me shocked.
Update. Dean Baker looks at who hasn’t noticed the drop in home prices…
And with that, I figured I should change the title of this post – its more about real estate than about stimulus…
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