Point of View

This article from yesterday's Inquirer demonstrates the problem I discussed in this post. Center City District President Paul Levy takes the macro view and says the demand for housing in Center City remains strong. The owners of the half-dozen houses in my Center City neighborhood that have been for sale for three months or more are inclined to take the micro view, and no doubt would disagree. Both could be right, of course, since housing demand is always strong if the price is right. Isn't supply and demand a wonderful thing?