Biz: Housing market: Would a correction help homeowners?
- Housing needs to go back to reasonable levels. If we keep trying to stimulate the market, that’s the definition of insanity.
- George Mason University real estate finance professor Anthony B. Sanders • Suggesting we let the housing market go to hell so it can correct itself. It’s a somewhat unique argument, but considering the way that overdevelopment and overbuilding has defined the real estate market of the last decade. So, the debate as it currently stands: Does the Obama administration keep trying to stimulate growth in the housing market, or does it focus less on devlopment and more on ensuring the value of the investments that millions of homeowners have already made? A tough answer, but we think the latter sounds like a good idea. source