Since Barney will be in studio at 7am Monday to debate Sean Bielat, I'm reviewing some Barney history. His argument in 2005 that there was no housing bubble, and that the housing market wasn't facing the risks of a dot com style collapse, is intriguing.
...we have, I think, an excessive degree of concern right now about home ownership and its role in the economy... those who argue now that housing prices are now at the point of a bubble seem to me to be missing a very important point.
Homes that are occupied may see ebb and flow of price at a certain percentage level, but you're not going to see the collapse that you see when people talk about a bubble. So those of us on our committee will continue to push for home ownership.
Last spring, Barney contradicted the 2005 tape, saying he was always opposed to the pushing of home ownership that the Clinton and Bush administrations made.
We should have done more to get affordable rental housing. My efforts have been towards affordable rental housing. I was very much in disagreement with this push into home ownership. I think the federal government should not be artificially doing that.
Given that we know Barney to be a good and noble man, how do we explain his differing opinions regarding himself?