Recent Blog Posts
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The Times' Rorshach Geithner Story
Apr 27 20099:26 am EDT -
Sinking Animal Spirits
Apr 27 20098:45 am EDT -
Counter-cyclical Urban Policy
Apr 26 200910:00 am EDT -
Be Your Own Counterfeiter
Apr 26 20099:36 am EDT -
Being Tim Geithner
Apr 25 200912:37 pm EDT -
Notes From a Press Conference Naif
Apr 25 20099:41 am EDT -
What Good is the News?
Apr 25 20098:32 am EDT -
Stressful Enough
Apr 24 20092:29 pm EDT -
Not Regretting the Pound
Apr 24 20091:09 pm EDT -
Introducing the New Ford Squeeze
Apr 24 20099:47 am EDT
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Sales Pitch of the Day, Realtors Edition
Watching the television on the plane over to LA, I saw this ad for the National Association of Realtors telling people that buying a house "is a good move" using the grounds that the average homeowner has 60% of his net worth tied up in home equity. Huh?
Right now, one might think that people had every desire to minimize their exposure to the housing market, not to mention the percentage of their net worth that could be wiped out if house prices continue to fall. But evidently that's not the way that the NAR sees things.
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