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Politics : Liberalism: Do You Agree We've Had Enough of It?

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To: JakeStraw who wrote (59896)2/23/2009 1:29:40 PM
From: Kenneth E. Phillipps  Read Replies (2) of 224749
 
According to the U.S. census, there were about 75 million owner-occupied homes at the end of 2008. By our math, that means that the $75 billion being spent to prevent foreclosures works out to about $1,000 per owner occupied home. Which means you’re spending $1,000 in taxes to head of the loss of $20,000 on the value of your house. These days, that doesn’t seem like such a bad investment.

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