Dear Joe,
In your reply to the lady who wrote in about the California housing bubble ("Signs that real estate bubble has popped"), you wrote: "I suspect losing one's home and its attending spell inducing goods and services and being out on the street will do the trick."
I have a story for you. An acquaintance/friend of mine is so thoroughly brainwashed and "out of it" that she spent all her money, retirement funds plus a sizable inheritance in five years. She has been homeless now for an entire year and do you know what she STILL does? If she has any cash, she will either buy a glass of wine at a bar or buy some piece of shit at a yard sale.