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"The real bubble was in the prices for housing (and thus is the credit used to buy them), not the actual number of units."

Truer words never written.

I'd hate to think, however, that the "affordable" housing problem in the DC area is now about more exhaustive audits of potential loans, larger down payments that people can't afford, and a 1/4 of the population having damaged credit histories and renting.

by charlie on Dec 20, 2012 1:46 pm • linkreport

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