[Oldeconomybuyer]

Kenyan economics are an EPIC failure.

[Texas Eagle]

“The stimulus created an artificial boost for awhile,” said Gary Nuzum, senior vice president of McGrew Real Estate. “We knew it would help us last year, but we also knew it was stealing buyers from us in future years. And it has. It is killing us right now. I never thought it would hurt us this much but it has.”

Well you're an idiot.

[org.whodat]

Old Gary must have graduated from the Realtors school of fixed commission, and no one taught him economics 101:

[Zakeet]

The comments in the original article are interesting, especially considering the fact that Lawrence has not much more to offer to the world's economy than being the home of a crow's roost college that tilts as far to the left as those in other socialist workers' paradises such as Austin, Berkeley and Boulder.

[Wuli]

As many economists, and well-informed others, said at the time. The program would make sooner the point in time when many houses would be sold, but that would happen at the expense of houses that would not be sold later on.

[Lorianne]

I’m ALMOST happy about this.
There is no group of people, more short term thinking self-servers and more piggy at the trough of government than the Real Estate and Construction industry. (Along with their atendantn finance wing).

They lapped up that federal home subsidy, and even admit in the article they knew it wouldn’t really help their maket (not what they were saying at the time).

They lie and lobby constantly for more goverment handouts.