you have a few million houses without people to live in them.
That is the problem.
everyone borrowed to buy a second home, or one they couldn't afford, cause the rates were great.
problem is, nobody realized you have 310 million people here, and more than 310 million homes.
There are houses sitting empty all over the nation, and they will stay empty until you tear down old ones or the population grows. Period.
Cavuto's headline was a ratings ploy to get worried homeowner fox viewers to watch his show that night. 2008 will suck.