re: Real estate groups urged the Fed to stop rate hikes.

There’s an inventory shortage. People have to have places to live, whether they own or rent. Build for rent is huge now. Investors buy up property and hire residential construction business to develop, and build. And then they rent them out. Obviously, this a huge deal for residential construction, because a lot of people won’t qualify for what home, or townhome costs these days, so they rent. Like I said, people have to have a place to live. I think you are being a little hasty with the housing downfall. The reason it happened last time is sub-prime loans, that’s not the case. Some may go down, but the ones who are hedged between BFR and For Sale, are doing well.