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Pecker9Wood

04/29/17 7:57 AM

#406664 RE: capitalismforever #406609

Interesting charts. I don't live in the city and people selling out in the country are moving to Florida or North Carolina. My daughter lives in a neighborhood with the house selling three and more hundred thousand and she says they are either downsizing and moving to a condo or taking their house off the market as they can't find a home. I took her at her word. I was in the middle of the housing boom and those neighborhood sprang up like weeds. Urban sprawl was everywhere. The sound of nail guns bang bang, etc. I still go to the city to see her frequently and not seeing it today. I believe it reflects the concerns in Mnuchin's world and he knows if the growth is to happen as you can her in his talk there are going to be improvements in the mortgage market and that means back to business as usual hopefully with the legislation to protect from banks gaming the mortgage market.