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[Gene GeRue <genegerue AT ruralize.com>]

>  But the raw data on the housing, IMO, precludes it being just 'froth'.

The word froth as applied to the housing market is simply another 
offering of inscrutable Greenspanspeak. To those of us who have been 
following housing for decades what is happening now is predictable 
and rather boring. Like the climate, cycles repeat. The ranting and 
railing of the last four years has been most amusing.

The Internet is fun. All of us can now be experts on everything. 
Instant evolution. A big rush, eh? A fun time to be here.