By attacking the Ryan proposal, Obama has done terrible damage to the US economy, but real estate may become a good investment

Measuring against 2007 prices is irrelevant and ignores today's reality.

Washington is trying to pass rules and force losses on the banking system which will do serious harm if not stopped.

With no real change by Obama and with Elizabeth Warren about to unleash her rules, value growth will be slow to happen.

The coming crisis of sovereign debt combined with rising rates will negatively impact capital markets and real estate values.

The total lack of leadership by Obama has led to worse crisis than we should be having and no solutions.

Small banks remain weak and unable to take the steps to revive their own balance sheets and local real estate markets

CMBS is already suffering excess capacity and underwriting will inevitably suffer and we will head down the same slippery slope to disaster eventually