Can't the Washington Post Talk to Anyone Who Understands the Housing Market?

The Washington Post distinguished itself during the run-up of the housing bubble by relying on David Lereah, the chief economist with the National Association of Realtors, and author of Why the Real Estate Boom Will Not Bust and How You Can Profit from It, as its main source on the real estate market. It seems that it is continuing its policy of not using anyone knowledgeable about the housing market as a source for its articles on housing.

Its piece on President Obama's new plan for mortgage refinancing implies that house prices will somehow rise back to their bubble levels. People who know about the housing market would tell readers that this would be like expecting the Nasdaq to bounce back to 5000 following its crash in 2000-2002. Unfortunately such voices continue to be excluded from the Post's coverage of the housing market.

WaPo Doesn't Talk to Free Market Fascists Like Baker
written by izzatzo, February 02, 2012 4:56 AM

Any economist knows prices either hold steady or rise in free markets and those who contradict this outcome are outed for the deflationary socialists they are.

Viva la Sticky Prices Downwards!

Stupid liberals.

-4

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written by Union Member, February 02, 2012 7:37 AM

David Lereah must've read Eric Holder's (The Chief Law Enforcement Officer in the Nation) "Why You Can Profit (Nicely) From the Housing Bubble, and How You Will Not Get Busted."

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written by PeonInChief, February 02, 2012 9:30 AM

All this proposal does isvdump the risk on the government for a very small gain for some homeowners. The government takes the risk that the underwater homeowner will, for an average of $3K a year, not have a medical emergency, job loss, death or divorce, and will be willing to stay in the house for a really, really long time, as nothing in this proposal reduces the amount of the mortgage.

At least Obama is TRYING to do something - unlike the NeoCons
written by jumpinjezebel, February 02, 2012 10:38 AM

This is one step in the potential many that should be done to get the economy going again. These people will spend their savings and add to the multiplier effect of consumer spending. Of course the Cons will block it. Hell to pay for "just say NO" come November.

jumpinjezebel voting is robosigning
written by Union Member, February 02, 2012 11:33 AM

Obama is "trying" so hard so as not to disappoint his campaign contributors; and where might they be from?

Can't the Washington Post Talk to Anyone Who Understands the Housing Market?

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