Saturday, December 6, 2008
Time to buy that first house?
The NYT has a peice out called Maybe It’s Time to Buy That First House. The author tries to shade the article towards encouraging people to buy. He links to a report from the Center for Economic and Policy Research that basically says, don't look for gains in home equity any time soon.
All the talk about bailing out over-indebted home "owners" pisses me off. I'm glad somebody is saying this: "If you’re hoping for a recovery in the housing market, you ought to be cheering on the first-time home buyers."
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