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

Let's say I'm some type of the Investment Bank.

The housing project has fallen flat.

So with that in mind, I've constructed this model.

So of course, what matters in a home?

There's a lot of pressure to buy.

The housing project has fallen flat.

John put across a big housing project.

These are all smiley faces.

Actually a mortgage, a borrower.

Our assignment is to develop protocols for the housing for 400 million people in 12 years.

Whatever you think, probably the inflation rate.

I've essentially become the lender to the home owner, and so the home owner's morgage payment will now come to me the Investment Bank .

But my understanding is that most mortgages compound monthly.

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.

And frankly, there were probably more people who wanted to buy houses then but they couldn't get financing.

So all it did is allow people who were renting before, and who couldn't save the money for the down payment, now to participate.

And that caused housing prices to go up.

But I'd worry about that later, because right now I had a dream.

Residential Area

Home Address

The mortgage...

Roger Wallis, please come to Court Room 9.

The plans for it were on a memory stick.

Orchards has.

why.

Home Address City

Home Address Country

Home Address Label

So maybe, I'm going to use this 100,000 to buy a simple house that meets all of my needs.

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

Purchase Album

It's just, everyone knew that, but a lot of people just couldn't buy, even though they wanted to, because they didn't have the down payment.

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

Four billion live in growing but fragile economies.

Home Address Street

You know, Chelsea West.

Preferred, then Home Address

The plan met with opposition from the inhabitants.

I will go along with your plan.

And now we can see what happens.

So that we could kind of do back of the envelope math, and just think about what the main drivers are when you think about renting versus buying.

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

Home Address Post Office Box

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