Today's animal spirits is brought to you by our friends at Y-charts.

Michael, I use Y-charts for a lot of different things.

I use it for research, I use it for charts to post on things like Twitter and blogs and Instagram.

Today I'm using Y-charts to defend my honor, okay?

Because my honor was called into question last week by frankly a lot of YouTube commenters who aren't very nice.

But that I was out of touch, which is hard because I live in the flyover states.

But I was out of touch because I made the claim that I didn't think housing was too unaffordable for some people.

So I'm going to use Y-charts data.

If you go into Y-charts, one of the cool features is you can do a search dropdown by different economic indicators.

And so you go to economic indicators, you can sort by labor, government, different countries, different reports, commodities.

And then there's one for households and then housing and construction.

So you click on house sales and they have US existing home sales.

Here are US existing home sales by year.

2010, 4.3 million, 2011, 4.4 million, 2012, 4.9 million, 2013, 4.9 million, 5 million in 2014, 5.5 million in 2015.

Could we fast forward?

Yeah, 6.6 million in 2020.

By far the most out of the last 11, 12 years.

How does that defend your honor?

When we talked with Logan Motoshami on our spaces last week, I said he's not biased.

We posed the housing question is housing becoming too unaffordable.

And he said, listen, if housing was unaffordable, why would we have record home sales over the past decade?

Which is a fair question.

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