Nicolas Retsinas
Nicolas Retsinas
Nicolas Retsinas quotes about
might possible second
Is it possible that, at the margin, there might be a change? Might there be a restructuring on its use for second homes? Possibly.
affordable certain driven economy-and-economics housing markets mostly scarce
Our own sense is that a lot of this (trend) is driven mostly by economics. In certain markets where affordable housing is scarce this is much more common.
fewer option people
It is unprecedented. It is one more option for people who have fewer and fewer options.
quite remarkable
This is really quite a time. It is a remarkable time,
appreciation areas catch chance gives growth healthy housing income market price rate seen
It would be healthy for the U.S. housing market if the rate of price appreciation slows and gives income growth a chance to catch up to it, like we've seen in areas like Boston,
assistance government housing influence
There are government assistance programs, but they have a diminishing influence on the housing market.
community decent difficult earners gains home housing income moderate parts price wage
There are parts of the country, particularly the two coasts, where the price of housing has so outstripped any income gains that moderate wage earners find it difficult to find a decent home in the community where they work.