WB - we don't predict real estate prices, I have no idea. But I do think there is value and there has been a pick up in activity. In CA res real estate we are seeing some stability in lower price levels.
We create 1.3mm households a year. And you create 2Mm housing starts a year you have a problem. So we have 1.5 too much. Now we r creating 500k so we will eat up excess inventory it will take a couple years.
We got a few choices. We can blow some up, if that's the case, hopefully urs not mine. We could create new households with 14 yrs old but that's prob not the best idea. So we have to wait.
CM - if I were your with good credit and lived in Omaha I'd buy a house tomorrow.
WB - we own largest re broker in Omaha
