Bugs, it’s nice to see that you give the benefit of the doubt when posting. Maybe you just have a longer fuse than the rest of us. But you must consider the organization producing the study, the people on this post reading it, and the overall context of the housing situation. When you read 99 articles and they all lean one way, and then suddenly you get 1 that leans (or appears to) the other way, how do you expect us to react? Try replacing the word “houses” with something like guns (or another item such as gas), and replace the NAR with the NRA (National Rifle Association). How would you perceive the study, then, when the NRA says that the high price of guns is a voting issue? The point here is that the very group that probably benefits the most from high home prices has come out with a study that APPEARS to be self-defeating. Wouldn’t you be at least a little skeptical?