DKos on Housing Bubble trouble

[NVMojo]

http://www.dailykos.com/storyonly/2006/9/22/75144/3774

[pat_k]

1. Luxury market to keep booming (per JCHS of Harvard)

Like everything else, the tiny fraction at the top will do fine. Luxury homes will continue to appreciate at breakneck speed.

Joint Center for Housing Studies of Harvard University
State of the Nation's Housing 2006
http://www.jchs.harvard.edu/publications/markets/son2006/index.htm

p. 3

. . .
But incomes at the top are increasing much faster than those at
the bottom and in the middle. These differences will likely
drive rapid growth in the burgeoning luxury sector of the housing
market, but present stubborn affordability challenges for
households with low and moderate incomes. . .

[NVMojo]

2. and this is *world ...get the vaseline out and bend over ...