I heard that housing sales are down due to the high cost. I don't know if this is true but if so, it must mean that rentals are increasing. People do not have the equity that they once had. I think this is different than the 2008 bubble due to the ease of getting a home loan as banks have become stricter on home loans. by the way, silver got smacked today!
RE: US Household Debt Now Exceeds Pre-2008 Credit Bubble/Market Crash Levels. By Gregory Mannarino