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homestead - Re: [Homestead] Wrong admission

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  • From: Clansgian AT wmconnect.com
  • To: homestead AT lists.ibiblio.org
  • Subject: Re: [Homestead] Wrong admission
  • Date: Wed, 24 Sep 2008 20:25:22 EDT



> >Yes, it is nice that low-income and blacks and Hispanics are in houses.
> BUT, they should be in houses they can afford. As should all the lower
> middle-class that suddenly were buying McMansions.

That's the thing. Because so much mortgage money was available, there was no
incentive to build modest houses. We could have had a lot more homeowners
(as opposed to home-debtors) if we had not built so many of those rattling,
cavernous monstrosities. </HTML>




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