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MSNBC Morning Joe June 4, 2024 11:24:00

And there was less money than what they spent because they were in lock down and couldn t spend it. so there s $2 trillion of excess saving out there right now in people s bank accounts and yes, the savings rates it s not a historic high, a certain recent history high. so people have this money in their bank account whether they want to get a mortgage and save there, or pay cash. there s so much money sloshing around in the system in people s bank accounts, obviously not everybody, but that s driving the housing price increase, that s right. steve ratner, thank you very much for that. we re watching this happen across the country. last week steve had charts for us about amtrak and this morning we learned of a historic deal by the company. amtrak announced this week it is buying up to 83 new trains that ....

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Detailed text transcripts for TV channel - MSNBC - 20120826:13:55:00

Increasing the cost of anything. let me say this, though. the experience of the housing bubble is the opposite. i did a lot of reporting on this in chicago, and there was no developing line. simultaneously lots of housing was being account and housing prices going up. in fact, the housing was being built precisely because people were making a bet that housing prices would go up. they work to reinforce each other. the largest housing price increase is where the regulation was the worst in coastal california, in oregon, washington, and in florida which is now, thank god, repealed its smart growth law. the suburbs of chicago have very strong, comprehensive regional planning. the problem is not westbound i-80. when you say you can only build here, you force prices up. michael bell. i think the big issue for me, and i think reading the laws more carefully, understanding ....

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