Thought I would share an interesting short read. They do a good job explaining households doubling up, what I refer to as “pent up demand”. Makes me wonder if we are winding a spring tighter and tighter and when the economy starts moving will it trigger another bubble? Just thinking out-loud there..
During the Depression, few American homes had an empty bedroom. The housing recession of the past four years has made empty spare rooms a luxury again by freezing families in place for years and limiting their housing choices.
- Housing bust worst since Great Depression (msnbc.msn.com)