### Comment:
I don't disagree that the housing market has problems at the moment, but most of it comes down to a lack of wage growth locking new home buyers out of the market.  It sucks, and I'd like to see wages increase, but this is nothing like 07-08, a slowdown in the housing market isn't the sort of catalyst that can crash the economy.

### REPLY:
You call housing construction being up 15% for the year and then falling down 37% to be a 'slowdown'. I call 2% a slowdown. I would call 5% a panic. I would call 10% a recession. I would call 37% a fucking collapse 
  
 &amp;#x200B; 
  
 Construction is always the first domino to fall followed by retail holders

### END.