At one time, the NRA was considered the most powerful lobby in politics. Swap two letters and you have a different, lower-profile powerhouse: the NAR — the National Association of Realtors. The housing bubble was a product of public policy, and that public policy was driven by an influential alliance of real-estate brokers and developers who helped inflate housing prices, and real-estate agents’ commissions, to nosebleed levels. But the real-estate lobby isn’t limited to the brick-and-shingle pushers and the guys in the gold blazers. Local governments are deeply reliant on property-tax revenue, especially for schools, while market-distorting tax breaks directed …
The real-estate lobby wants another boom—but what about the bust?
In This Issue
Books, Arts & Manners
The actresses here fit their parts. Mother, daughter, student, nurse. This play concerns a farm In decline. The barn roof collapses. Chickens die, mysteriously. Gwen plays a concerned daughter. The farmer’s daughter: You know all the jokes. I want to act the traveling salesman, driving, ...