The most critical factor subduing the demand for housing is that home ownership is no longer seen as the great, long-term buildup in equity value it once was.
Mortimer ZuckermanNatural erosion had reduced the critical barrier islands in the Gulf, the result of the destruction of some 300,000 acres of wetlands. This amounted to 30 miles of marshlands.
Mortimer ZuckermanFewer Americans are at work today than in April 2000, even though the population since then has grown by 31 million.
Mortimer Zuckerman