It's people building houses, ... It's people financing the building of houses. It's people working in the stores that are furnishing those houses, and of course, the real estate agents who are making this all happen.

Building 200,000 new residences per year, not to mention the current interest in fixing up existing homes in order to spend new housing equity as fast as possible, will tend to drive this (employment).

We as a nation are not as oil dependant as we were back then.

When consumers realize they can no longer expect that appreciation bonus to subsidize their consumption habits, they will very likely pull back on spending.

You got to think that this thing is going to end, eventually, one way or another. Prices have gotten to the point that, even with all the crazy financing out there, people still can't get into the market. It's just that over the top.

The markets are starting to cool, and everyone says we may be sliding down the backside of a hill.