BOA CEO says some owners should not look at a home as an asset - blames low population growth

By
Real Estate Agent with Keller Williams Realty Louisville East (502) 664-7827

Bank of America has revealed the astonishing truth about what is holding back the housing recovery. Low population growth! The population isn't growing as fast as it did in the post World Wars I and II era.

It is truly amazing how BOA finally found the smoking gun.

I wasn't there when announcement was made, but some of these people were:

MSNBC: http://www.msnbc.msn.com/id/42556230/ns/business-real_estate/

Wall Street Journal: http://onespot.wsj.com/realestate/2011/04/12/d0af8/bofa-ceo-owners-shouldnt-look-at-home-as

Huffington Post: http://www.huffingtonpost.com/2011/04/12/bofa-ceo-moynihan-some-pe_n_848312.html

 

 

Posted by

 

 

Dave Halpern, Realtor

The Dave Halpern Real Estate Group

Keller Williams Realty Louisville East

Website David.DavidHalpernRealtor.com

(502) 664-7827

 

 

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Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Wallace S. Gibson, CPM 04/19/2011 09:02 PM
Topic:
Home Buying
Groups:
Bananatude
The Lounge at Active Rain
The Ninety-ninth Percentile
Voice of Reason
"Whacked"!!!
Tags:
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Rainmaker
310,508
Mike Wong
Keller Williams Realty Southwest - Sugar Land, TX
Realtor: Commercial, Residential, Leasing, Invest

Really low population growth? They must not have seen the census results in Texas and my local market.

Apr 12, 2011 12:21 PM #1
Rainmaker
1,269,407
Wallace S. Gibson, CPM
Gibson Management Group, Ltd. - Charlottesville, VA
LandlordWhisperer

While I agree that the MIGRATION of population is certainly happening * from BLUE to RED states, I suspect the LACK of Growth is more BECAUSE of the economy and the uncertainty

Apr 19, 2011 09:02 PM #2
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Lenn Harley
Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate - Leesburg, VA
Real Estate Broker - Virginia & Maryland

This is the funniest thing I've read in months.

Apr 25, 2011 11:04 PM #3
Rainmaker
526,160
Dave Halpern
Keller Williams Realty Louisville East (502) 664-7827 - Louisville, KY
Louisville Short Sale Expert

Mike - I think BOA made it up to fill up the speech time allotted to them.

Wallace - I saw a segment about California politicians visiting Texas to figure out why dozens of companies migrated from CA to TX.

Lenn - Jay Leno doesn't need writers anymore. He just needs to read this stuff verbatim.

Apr 25, 2011 11:17 PM #4
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Rainmaker
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Dave Halpern

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