Housing Market: Prop It Up Or Let It Fall?

CNBC Video:  Anthony Sanders, a real estate professor at George Mason University, and David Crowe, chief economist at the Natl. Association of Home Builders, share their views -- Aired Sep. 7, 2010

Crowe, the tool from the NAHB, wants a brand new $25,000 tax credit for home purchases.  Let that sink in for a moment.  The just-ended homebuyer's tax credit caused severe market distortions that we're just now dealing with, and he wants a new one, 3 times the size of the original.

Sanders wins this argument.  The correct answer is to remove government support and stimulus from the market completely.  The age of extend and pretend has failed miserably.

Though the calls for removing government support are growing louder:

• Housing Woes Bring a New Cry: Let the Market Fall

Obama has already made his decision:

• Obama's Brand New Houseowner Bailout Means YOU Will Be Paying For All Those Deadbeat Home-Equity Loans (Call The White House @ 202-456-1414 & Pass It On)

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Screenshot

NAHB tool wants new $25k homebuyer's tax credit.

Comments

[DailyBail]

Housing Woes Bring a New Cry: Let the Market Fall

http://www.nytimes.com/2010/09/06/business/economy/06housing.html?src=busln

[DailyBail]

Long Island Man Arrested For Defending Home With AK-47

Says Many Gang Members Were Coming After His Family

http://newyork.cbslocal.com/2010/09/07/long-island-man-arrested-for-defending-home-with-ak-47/

This guy wasn't going to let his housing fall...so to speak...

[DailyBail]

Climate: New study slashes estimate of icecap loss

http://sg.news.yahoo.com/afp/20100908/tts-climate-warming-science-ice-c1b2fc3.html

Very interesting...

[DailyBail]

Palestinian Authority President Mahmoud Abbas told interviewers that he would not recognize Israel as a Jewish state, Israel Radio reported on Tuesday.

Abbas reportedly said that his position is no different from those Arafat present in previous negotiations, and that his staff is the same as Arafat's.

He also hinted that the PA may fall apart if there is no hope for a solution in the near future. He then repeated that the PA will not recognize Israel as a Jewish state.

http://www.jpost.com/Headlines/Article.aspx?id=187402

[DailyBail]

Audit finds Sharpton's nonprofit on brink

http://www.nypost.com/p/news/local/al_net_lo_es_f52rRrLNnBRAZagK0TgvwN

Big trouble for Big Al...

[DailyBail]

Present Vs. Future: Will The Government Let The Housing Market Crash?

http://rejournalonline.com/present-vs-future-wil-the-government-let-the-housing-market-crash/852105/?source=patrick.net#content