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Posts on ‘September 20th, 2007’

"Their" Homes? Come On

In the coverage of the housing bubble deflation, journalists continue to use an expression that defies reality. From today’s Bloomberg story: As many as half of the 450,000 subprime borrowers whose mortgage payments increase in the next three months may lose their homes because they can’t sell, refinance or qualify for help from the U.S. […]