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-- out to Greg ran Tonya mark hill on owning a home it's still the American dream and Greg I wanna start with do.
Listen right now it's obviously a really good time because you have so many things been going your way.
But just the notion of home ownership itself seems to -- for so many Americans what what what happened.
Like you can't blame people for having a loss of faith over the -- five years given what's gone on.
But what we wanted to do was think about the bigger picture you know -- been talking in this show about.
Buying that they're the companies that you -- your feet by the companies that you have lunch that like to pull away what about buying the -- that you live it.
You know the single family home.
It is the most direct investment in the US say that you can make it's tied to population growth so.
-- like Nike how about Houston you'll like -- Estee -- how about Orlando like Disney how about Orlando.
The idea here is that people have lost faith if you stand back and look at the ten year performance of of real estate housing in America.
It's still up over the last ten years it's way up -- -- got a 200 year track record.
Of year over year every decade appreciating.
And people have to get their -- back.
-- -- -- starting this C are you seeing that maybe this is changing because from our bread.
It's actually cheaper to all home than to rent in -- top one -- metropolitan areas in this country.
And yet people it's not connecting them -- -- all of that going off.
Yes -- you hit it on the head it is less expensive and more cost effective to buy a home that it is to rent.
I think that people just got so -- But you have to realize that people are coming out of that position where they had to short sell their home they had to have for -- on their house and we're starting to see those buyers come back to the market.
It is still the American dream and when you look at real estate.
It is still the only asset class that you can go in and leverage you can walk into a bank and they are willing to lend you money to buy a home.
Try doing that with the stock -- under mutual fund.
Hi area it's also the only investment you could actually eleven and -- -- -- point.
It's had a bat by at a bad five year period right I mean.
I'm hoping -- room for the next episode -- what did you AbitibiBowater drive of course we're talking about rooting for something in putting your -- money into that.
But the long term track record more or less -- for itself so what do you think.
It will take for the average person to sort of change your mind is that something has nothing do with the account with the housing market in May be other sources are -- of confidence.
Unfortunately we are herd animals -- so when the market -- down and Smart buyers were buying it 60000 dollars 70000 dollars.
There -- a lot of people that weren't willing to stick their toes and that water.
Now that people are coming back they're seeing hedge funds -- there's a lot of investment there's money -- made in the housing market you're right it is a roof over your head.
People like 90 well maybe it's time to get the other thing you have to realize is lending is starting to listen up and -- all the big.
Hurdle for a lot of buyers because you just couldn't get -- And you had to be next to perfect whereas before are you had to have was -- polls and you can get allowed it so we're starting to balance that out all right -- good.
There's still I think from all sides in Washington.
Dodd-Frank might get a little bit easier and there might be a lot easier for banks you know.
Offer loans and that so draconian terms.
-- -- have you gotten a lot because -- the two best that we know -- -- -- is real estate stuff you've been spot on and I appreciate your help on this special thanks a lot.
Thanks Tara and -- assume.
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