It is unprecedented. It is one more option for people who have fewer and fewer options.
More Quotes from Nicolas Retsinas:
This is really quite a time. It is a remarkable time,Nicolas Retsinas
If you have owned a home over the last five years, in some ways you've been a big winner. Over the last several years it's like having a second job without ever having to work.
Nicolas Retsinas
It would be healthy for the U. S. housing market if the rate of price appreciation slows and gives income growth a chance to catch up to it, like we've seen in areas like Boston,
Nicolas Retsinas
Our own sense is that a lot of this (trend) is driven mostly by economics. In certain markets where affordable housing is scarce this is much more common.
Nicolas Retsinas
There are parts of the country, particularly the two coasts, where the price of housing has so outstripped any income gains that moderate wage earners find it difficult to find a decent home in the community where they work.
Nicolas Retsinas
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