That enabled people to buy much, much more house than they would have otherwise.
More Quotes from Peter Francese:
The danger going forward is that the formerly large middle class is shrinking, and we are depending on a relatively small fraction of affluent households to provide the bulk of future consumer-spending growth.Peter Francese
Income is tilting toward the top end of the scale.
Peter Francese
When New Hampshire gets the reputation as the retirement capital of the Northeast because of its low tax burden, we're in really, really big trouble. I have nothing against older people, but we are unbalancing the demography we are unbalancing it big time.
Peter Francese
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