Tcgs 
in theory yes in practice no
we got in trouble by lending to the wrong people
we put people in houses we KNEW they couldn"t afford
we built mc mansions and wondered why they were vaccant
we demolished starter home to build them then wonder why nobody can afford a home
95% of this country lives way above their means the ones living in them aren"T jumnping to go buy a home because the prices don"t make sence
i am 29 so you and i are the same age how many of your freinds are still living at home are underemployed or employed at all
answer those and see wherre is goes thee system worked for 60 years than we lent to the wrong people and backed it with illusion $$$ we took away the illusion $$$ but the houses are no vaccant with no buyers in site
people only get older not younger there is a transition aas we get older from starter home to bigger home adda a kid or 2 better job little bigger home then retire kids move out we downsize each transition follows
what we have done is not moved the starter homes at a time when babyboomers want to retire there is a gap in the market becuase of pricing at both ends
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