“Buy as much house as you can,” real estate agents urged clients. “The more you buy, the bigger your tax break” is their advice using the mortgage interest deduction (MID) to explicitly promote over-investment in housing. Unfortunately, such advice fueled the previous housing boom and exacerbated its bust and could do so again.
Read More »Many Not So Sure That Our Housing Problems Are Behind Us – Here’s Why (+2K Views)
With recent numbers positive for housing realtors, politicians, and others with vested interests, are quick to claim we are on our way back - but are such numbers really meaningful and sustainable? Many more objective analysts, however, are less sure or disagree with this conclusion that the bottom has been reached yet. Here's what some of them have to say. Words: 1377
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