saw the "news" couple hours ago, and still in shock....
from practicality stand point of view,
If I want to sell my house, and would like to interview IHB, what would you tell me? Will you advise me to list it at the value which in parity with rental rates (which is what you have been saying since day one), or wil you advise me to list at the WTF price ( WTF is any price is not in parity with rental rates)? If you don't believe the house worth any higher than what your chart shows, and are willing to sell it anyone who is willing to pay for it, and you just destroyed all the creditbility you have established.
If I want to buy a house, will you only advise me to pay the price according to your chart ( which is largely not there yet), or will you advise me to be a knife catcher?
Realtors are NOT market makers, they are match makers. This means you don't determine prices, you just in the middle to help buyers and sellers reach an agreement ( don't really need a Realtor if we can help it). I don't know how your analysis in regards to how much houses should worth can be a selling point to any buyers or sellers as realtor. Being a Realtor truly destroys your credibility as a market analyst.
Though I can understand everyone has to make a living somehow. At least you can delete knife catcher from your dictionary as a starter. Because without knife catchers, you won't make a dime.