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by 01100011
1339 days ago
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I agree on a personal level as someone hoping to buy a home at a reasonable price in the near future, but you have to remember that most of the wealth of middle America is in the form of real estate. Sure, it's good that we're undoing excess, but that process will be painful for the economy as wealth effects are removed. It is a bad thing in the short term, even if it is better in the long term. |
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