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Well it's housing stupid now -- all due respect to those of focus on jobs and elections and right now -- gas prices in this election.
I am telling him.
None of that matters as much as the value of folks' homes in this election hear me out.
I could say that not because jobs are not important.
Or what you pay at the pump is not important it's just that the value of folks' homes.
Is more important -- going.
It's how they define or at least a good many homeowners to find it well and not too long ago their homes were there well.
And today's news -- don't prices fell for a fifth straight month is just the beginning in fact over the last four years most Americans home well.
-- -- Making this the first quadrennial fall we've ever seen that happen.
The first presidential election over election.
The downdraft in home values has ever happened at least since they've been recording this.
Now to be fair to this president is housing decline has been going on a lot longer than he has been president.
Here's the difference many go back -- 2008 that certainly by 2000 well.
Home values would be on their way up there are not within every major region of the country would be off double digits over those four years but they are.
Or that four years later that lending environment would be even tighter today but it is.
Many say that Americans have gotten used to this the -- the days their homes or like DTMs.
And easy stats were cast for.
College tuition when you needed it or quick getaway when you simply had that.
Not so easy now yes still now and that's the difference now this is the first presidential election in memory.
Where the value of that they need is less than it was in the last presidential election.
Even the 2008 the -- and housing was so recent that it hadn't quite wiped out the heady levels in 2004.
Not yet at the time most definitely this is -- I think the affinity people have for their homes has turned into a sort of financial albatross.
For those still lucky to live in and afford -- Many are stuck in -- -- many are who are in their homes and aren't stuck don't even rest him.
I told the great elephant in the economic room that no one talks about.
Because gas and jobs are more important talk about.
Again I disagree because jobs and -- to change not so how's it doesn't seem to change at all nothing is getting better under that group.
That's I suspect so many folks are hitting the road.
Too many questions.
About whether there wells still treading water and not a one from the mainstream media.
About the many many Americans who are still.
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