The temptation is to think that, as real rates fall, the present value of housing must rise.
This is the present, not the past, and real time must also be acknowledged.
For one thing, the Republican faithful have always worried that the real Mr Romney is the relative liberal of his two races in Massachusetts, and that the present ardent conservative is the impostor.
But on present evidence the real blame in that event is more likely to lie either with trade-bashing politicians or with the Federal Reserve, which failed to raise interest rates last year to deflate the stockmarket bubble.
Their vision is beyond the present, and it's set on a future of real peace and security.
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An ever-present risk with this kind of writing is the aestheticising of politics: real wars and famines, and real efforts to ameliorate them, tend to be treated as literary texts to be analysed or deconstructed, not as events with implications for policy and action.
He said the threat was "present, real and with us now and its potential is huge".
"The Ospreys present a real physical challenge and have some superb individuals, it is a fantastic stadium to play in and a tough place to go, " said Ulster assistant coach Steve Williams.
So what are the subtle signals that can indicate which candidate is more in command, more present, and more real?
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While this type of penalty pricing can present issues for cardholders, the real problem with small-business credit cards is buried deep in the fine print.
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Getting from the present pessimism and distrust of political parties to a more optimistic and secure vision of the future is the real challenge of constitutional reform.
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