I hate to say it, but this is the most optimistic I’ve been since the 90s. I’m not a roaring bull, but looking forward, this is the best shape we’ve been in since ’97 or something.
In 97, I started worrying about what was going to happen when the stock bubble burst. By the time you got to the decent part of the Bush economy 2004-2005, I was so worried about housing I didn’t think much about the economy. Looking forward, this is the best we’ve been since then. We have plenty of problems to work through, but gosh, housing is going to be a tailwind for some time.
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