The Republicans real estate folks will never admit that they are operating in a socialist market with countless subsidies that artificially prop up real estate prices and magnify inefficiencies.
I would love the estate estate Republicans to lobby for the removal of real estate support and for letting the “real” free market flourish.
Slight problem here.. almost all RE folks want the market propped up.. and not all RE folks are Republicans. RE brokers make a percentage of the sale (6% for sole broker, 3% on split commission). The higher the RE price.. the more they make.. therefore, regardless of party affiliation, they tend to want higher RE prices.
Some Republicans are taking the reverse position and sold of RE or are taking a short position on Real Estate related companies (ie. builders).
I know that it will never happen.
Considering that we have a Democratic President and House and Senate are largely Democratic… why? Three reasons.. Pelosi, Raines, Franks.. who are ‘staunch’ Democrats and are working hard behind the scenes to find ways to support RE prices. These are the same three who subverted bills to regulate the GSEs and banks from unsafe lending, which helped create the bubble and left us where we are now.
