We believe the 36, nearly 40, billion pound discount given for a right to buy houses took a million houses out of the public housing sector which is desperately needed for rent.

[He also likes financial issues on account of P/E ratios.] That sector now is selling at a considerable discount in terms of P/E to growth rate, ... So companies, in that sector, include Bank of New York, which reported and disappointed people, and brought the price down a little bit better.

Railroads are the primary economic beneficiaries. It's a difficult project for the public sector.

Many of the residents of adult housing sold their houses that they've lived in for so many years because they find it exhausting and expensive to maintain a large and empty household.

It's been an unprecedented run for the housing sector.

In 2013, 1 percent of poor renters lived in rent-controlled units; 15 percent lived in public housing; and 17 percent received a government subsidy, mainly in the form of a rent-reducing voucher. The remaining 67 percent—2 of every 3 poor renting families—received no federal assistance. 32 This drastic shortfall in government support, coupled with rising rent and utility costs alongside stagnant incomes, is the reason why most poor renting families today spend most of their income on housing.