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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: SilentZ who wrote (458955)	2/24/2009 11:35:16 AM
From: combjelly	Respond to of 1574002

"Think about what that does to neighborhoods and the real estate market!" There are fairly recent examples of what can happen. On the plus side, it opens some attractive bargains in housing...

To: SilentZ who wrote (458955)	2/24/2009 1:03:13 PM
From: Tenchusatsu	Respond to of 1574002

Z, > It certainly does have costs, but are the costs higher than putting a million homes into foreclosure? Think about what that does to neighborhoods and the real estate market! Let me put it this way. First-time homebuyers continue to get screwed thanks to inflated real estate prices. I may or may not be upside-down in my mortgage, but I know my house is still well above the price the previous owners paid for it. And I remember having to stretch my own finances to jump into this house. (I don't anymore, but that's the calculated risk I took. Heck, life is a risk.) Is that the level we want to sustain? Tenchusatsu