Dive summary:

• Writing anything about the fiscal cliff is dangerous because of the fluid political situation, but it is worth noting that David Lichtenstein, chairman of The Lightstone Group REIT, says he thinks housing is well positioned to withstand whatever uncertainty and any economic downturn that happens.
• "I don’t say 'muscular' because there’s too much uncertainty in the economy, but the pure mathematical affordability of it is (that) almost any damage the politicians could do to the economy, housing will still be sturdy," he said.
• Looking at the current interest rate situation, Lichtenstein says that it has become cheaper to own than to rent for many people.

From the article:

"In 10 years they are going to say these were the olden times when homes were affordable," he said. ...