Warren Buffet on Housing

"Housing will come back – you can be sure of that. Over time, the number of housing units necessarily matches the number of households (after allowing for a normal level of vacancies). For a period of years prior to 2008, however, America added more housing units than households. Inevitably, we ended up with far too many units and the bubble popped with a violence that shook the entire economy. That created still another problem for housing: Early in a recession, household formations slow, and in 2009 the decrease was dramatic.

That devastating supply/demand equation is now reversed: Every day we are creating more households than housing units. People may postpone hitching up during uncertain times, but eventually hormones take over. And while “doubling-up” may be the initial reaction of some during a recession, living with in-laws can quickly lose its allure.”

- Warren Buffet on Housing

Health and Wellness Event Announcement!

AzNHA General Membership Meeting: Aging Trends and Impacts DATE: Tues. March 6th TIME: 11:30am to 1pm LOCATION: Pacifica Senior Living Tucson 2675 N Wyatt Jim Murphy, President & CEO - Pima Council on Aging Residing in Tucson since 1946, Jim has previously served as a member of the Pima County Board of Supervisors; he was Pima County's Assistant County Manager for 22 years - the last 10 years of which he was Director of Pima County's Health Care System. Industry Update Ed Antonowicz, AzNHA President Ed will deliver updates on HB 2228; the "Home Care Workers Licensure Bill", HB 2715; the "Caregiver's Registries Bill", the Department Of Labor's proposed Rule Making to amend the companionship and live-in worker regulations, and other industry related hot-topics. RSVP to administrator@sprynet.com