The Importance of Housing in the Economy

Housing is an essential market good but it's not necessarily a good buy for most people. What the Fed does with interest rates isn't as powerful as people think when it comes to how housing does. The common denominator in the 70s and the 2000s was the dollar was in free fall hard. During periods where people don't trust money hard assets do best yeah well I hate to tell you your business because you know it's so much better than I do.