This is going off on a tangent but I think you are spot on. It isn't just two incomes fueling the credit increase but also the insanely low interest rates. I do

This is going off on a tangent but I think you are spot on. It isn't just two incomes fueling the credit increase but also the insanely low interest rates. I don't think female workforce participation will/should go down, but I wonder if interest rates will ever go up to reasonable levels and pop the real-estate bubble (e.g. in Canada)? I have friends with crappy income situations buying houses for 600K+. I've been trying to hold off for as long as possible but we would really like to plant our roots somewhere (poor immigrant to the Western world so owning land in my new homeland was a dream from childhood). In places like Toronto and Vancouver, buying a home for people of modest means seems financial suicide (perhaps only if you have taken Econ courses). We live in messed up times.