Real Estate in a Virtual World.

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"This Old House Policy", an Economist's View

This article was published in the Boston Globe this Sunday and I believe all those associated with our industry should read it. 

http://www.vhtour.com/30

Edward Glaeser is the Glimp Professor of Economics at Harvard and the director of the Rappaport Institute for Greater Boston.

In my opinion, since we are in the shelter industry, shouldn't our focus be on affordability so that everyone that qualifies by reasonable standards have the opportunity?  Having experienced bust and boom cycles over my 30 years in the business, I think we are all better off with gradual and stable growth.  I support economic policy that will take us in that direction.  What's your view?

Comment balloon 2 commentsFred Doleac • November 03 2008 09:34AM

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I have been blogging for months that the current government efforts to bolster the housing market are misguided.  I like the idea of helping those on the lower end, and have no problem with phasing out the mortgage interest deduction.  In the long run I think we'll benefit.

It will be interesting to see what the next president does to address this issue, and I hope we, the people, will remain vigilent and press our lawmakers for meaningful reform.

 

Posted by John Mulkey, Housing Guru (TheHousingGuru.com) over 9 years ago

John,

It will be very interesting to see where the president get's his advice.

Posted by Fred Doleac, Real Estate in a Virtual World (Fred Doleac - Bean Group) over 9 years ago

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