“There’s a simple demographic fact underlying the collapse of housing. The Baby Boomer Americans who start to retiring right about now have bid up the price of homes so high that the next generation of humans won’t be able to buy them.”
George Ure (www. urbansurvival.com) had the statement above on his friday post
if you are interested in understanding the big picture of what is really going on in our country and world, I find that George’s daily (mon-sat) writing is excellent