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@Interesting, re: market purity of suburbs. Whoa. You need to read about the early days of FDR's federal housing policies. He created HOLC, which essentially created mortgage insurance that in turn created the 30 year loan. The thing is they didn't insure anything in cities, or where the housing was old, or whites lived with blacks. But they insured new suburban housing. Buying a house without mortgage insurance was nearly impossible.

by crin on Jul 10, 2012 6:13 pm • link • report

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