Recent Blog Posts
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The Times' Rorshach Geithner Story
Apr 27 20099:04am EDT -
Sinking Animal Spirits
Apr 27 20098:04am EDT -
Counter-cyclical Urban Policy
Apr 26 200910:04am EDT -
Be Your Own Counterfeiter
Apr 26 20099:04am EDT -
Being Tim Geithner
Apr 25 200912:04pm EDT -
Notes From a Press Conference Naif
Apr 25 20099:04am EDT -
What Good is the News?
Apr 25 20098:04am EDT -
Stressful Enough
Apr 24 20092:04pm EDT -
Not Regretting the Pound
Apr 24 20091:04pm EDT -
Introducing the New Ford Squeeze
Apr 24 20099:04am EDT -
Non-Economic Questions of the Day
Apr 24 20099:04am EDT -
The Stress Test Blind Alley
Apr 24 20098:04am EDT -
Happy Hour
Apr 23 20099:04pm EDT -
Recovery Without Rebalancing
Apr 23 20096:04pm EDT -
The Shape of Your Recession
Apr 23 20095:04pm EDT
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Apr 28 2008 12:00am EDT
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.
