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White House Conference debates 'Value of Housing'.
I suspect many of you have been following the blowback from the White House Conference on Housing held earlier this week. I haven't had an opportunity to talk with former CAR President Vince Malta, who was NAR's rep at the event, nor have I seen any quotes from him in the press. Most of the quotes seem to be from Mark Zandi and his comments about how 'we can't afford housing subsidies any longer'. Hmmmm, I don't recall Zandi mentioning that the last time he addressed an NAR crowd. Could it be he modifies his comments and his beliefs depending on the audience? Pro-housing when you're in front of Realtors but pro-tax when you're invited to sit on an Obama panel? I guess that's how you keep getting  invited back.  
But as Dr. Alan Greenspan told us at the NAR conference a couple years back, you've got to pay attention to the 'first rule of economists. For every economist there is an equal and opposite economist. Rule #2 - they're both wrong'. Zandi's just the one getting quoted today.
But the more serious underlying tone of the seminar is that for the first time in 70 years, housing is on ... more

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