Demand drivers.

And that caused housing prices to go up.

The mortgage...

That financing got easier, despite the fact that people were earning less, population wasn't increasing that fast, that there were all of these new houses.

Or they might even start to buy things that aren't Treasuries.

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The old lady lived in a three room apartment by herself.

The old woman lived in a 3 room apartment by herself.

This is really the tip of the iceberg.

why.

We will be developing prefab houses.

Now you've been casing that family's house for months...

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Most of the loans we're familiar with in our personal

So times a million, right?

So right here are a whole bunch of people's mortgages.

He built houses.

Old block of flats. ...caused by a faulty gas main.

If you look at the major categories they have food and beverages, housing

They try to look at historical data and figure out, OK, for a given population pool in a given part of the country, what percentage of them are able to pay off their mortgage?

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You know, Chelsea West.

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The state pen, prison ward, old folks' cage.

This house is fireproof.

So my freshman year of college

What's it gonna look like? We have huge grand challenges these days of habitat loss.

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Then he walked slowly up the street, and then down again to the corner, still

Let's say it's um let's say its 10 billion of commercial mortgages.

So let me just say population.

This residential area is comfortable to live in.

But maybe that's not enough. Maybe the economy is still tanking.

And of that 20 , you only get a 50 return.

And here I've been working for the last three years with a South Bronx developer to bring art to life to low income buildings and affordable housing.

And not surprisingly, given the human population growth, more than half of the human population is living in cities now.

Foreclosures are on the rise.

You know that rental place on Boilston?

Well, more money wanted to invest in people's mortgages.

Well I have the original mortgage on my house.

The housing shortage is very acute.

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