For a long time I have wondered why people seem to have the NEED to acquire more things and more debt. The housing market is one example of the problem (and moving endlessly up the property ladder is just a small part of this). The endless cycle of increasing debt load, zero savings and stagnant wages has to stop sometime. When it does, things will be interesting to be sure.
See this article for some very telling statistics.
Forecast is up to 5 inches of snow possible tonight.
I was just outside and shot a little video of it, the flakes were the biggest I have seen here.
The view is from the front door of my house.