I’ve always assumed that particular section of the paper was paid for by Realtors. There are only articles about Realtors in there along with their ads. I’m sure they can print whatever they want because it is likely advertising space and not considered journalism.
I have to say Steve didn’t disappoint me; his article passed my test: He used the phrase “American Dream” when referring to homeownership. That is what I always look for. I usually play a game to amuse myself: I read the opening paragraphs and then guess whether or not the “American dream” phrase is on the other side. I was right today, by the way.
None of these guys will be blamed. Didn’t you see Fannie Mae get away? What else can you expect from a government that has a “American Dream Downpayment Initiative”? I kid you not, this is the actual name of the federal assistance program for first time homebuyers (this initiative has existed since 2003).
I’m guessing that the “liberal media”, the bloggers and the internet, and any other housing bears will be blamed for planting the seeds of the crash. The real perpetrators will likely be unblamed. Anyone who cashed out of his/her home and has a fat savings account will be sued for not participating in the American Dream. Afterall, it is un-American to be without a house and a 100% mortgage. Anyone with cash in the bank will be under scrutiny (you are already because of the new banking laws under the Patriot Act).
