Homes aren't the only thing, $60k SUV's that were $20k, My $75k Kirkham roller.
(least it's not financed)
Most people's pay has not tripled in the last ten years, but vehicles and cars sure have.
Thing that scares me is this "slump" has more in common with the depression in that the finacial instutions themselves caused it. The local government here is already whining about the loss in property taxes and of course increasing them.
A true leader eats and sleeps as his soldiers do so he knows what they're capable of. I rarely see examples of this.