Q4 5.7 percent

[Cancel 2018. 3]

Did you read those reports in the Washington Times?

no

next

 

[Damocles]

There's no out of line? What do you consider the housing bubbles? Fundamentals were all out of whack. I don't know the number but there is a ratio that is considered "healthy" for percent of income one should spend to purchase a home. In 2005 and 2006 that ratio was fubar.

Or if not to play semantics are fundamentals back in line today?

A bubble is created when people spend over what they can afford, risking too much in a fickle market. It isn't because they spend more than it is worth, that is impossible. It is worth whatever you will pay for it, it is always worth whatever you will pay for it.

 

[Topspin]

I call it a great quarter given expectations.