I wouldn’t say we’re in a bubble, even though the numbers look like the last bubble. At least in my local market there’s a small number of home sales being dist

I wouldn’t say we’re in a bubble, even though the numbers look like the last bubble. At least in my local market there’s a small number of home sales being distorted by a handful of people at the top of the income distribution. What we’re seeing is a lack of housing, not middle class people buying up housing they can’t afford.