The Housing Market is Recovering
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Thursday, 28 June 2012 05:00 |
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Good piece by Binyamin Appelbaum in the NYT. It's surprising that the positive data in recent months has not gotten more attention after so many previous false starts made the front page. Here's my take.
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Now Romney will be forced to say the housing market is coming back due to Obamacare because it makes houses more expensive and therefore more attractive as an investment asset compared a mere consumption item.
This is no way to treat your fellow politician. The embarrassment of inconsistency is a private matter not to be paraded around in the public square of shopping malls rescued by Bain Capital.