There was a ridiculous downgrade in credit quality to facilitate that build out of McMansions over the last 10 years . A better analysis of how much real incom

There was a ridiculous downgrade in credit quality to facilitate that build out of McMansions over the last 10 years . A better analysis of how much real income and how much purchasing power per sq foot of home would have to take in credit quality/debt into account over time to be anywhere near informative. Secondly, increasing energy prices are not purported, they are real: http://www.eia.doe.gov/EMEU/steo/realprices/index.cfm http://www.eia.doe.gov/EMEU/steo/realprices/index.cfm Real income analysis would require more time than I'm willing to commit right now.