Nice to see you HLS, many don’t know your expertise but it more than most here. Let’s just say I’m a fan. What do you think will happen, high appreciation, track inflation, normal 3% increases, stagnation or nominal decline? My theory is that liar loans and zero down neg am was the bane of the last cycle. Since you are closer to the pulse what is your prediction? I’m torn between “track inflation” or historical “normal” growth.
