Once enough of them decide they want to pay down debt, the price will be lucky to stay in the double digits. Anything above single digits is just too fragile. The depth of this market is still tiny and the price wouldn't withstand more than a few dozen (at best) attempts to buy a modest house within a short period.
Oh hell yeah, proudhon! I was just getting nostalgic for all the Single Digit talk of days gone by. Leave it proudhon to bring up S.D. during these heady times. Don't ever change!