[quote=Russell]Bob,
We covered the baby boomer issue pretty well in the early days of this blog. I think most of us thought it is reasonable to think this could hurt future boom potential.[/quote]
Rus, I know you don’t usually want to get ‘pinned down’, but do you think that it’s more likely that home prices, indexed to average per capita income, will be higher in 20 years, or lower?
A true believer in the demographic driver theories of Dent would say lower. True believers in the power of the past 50 years to predict the future would say higher.
