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December 23, 2008
Housing and Shared Equity
I'd be delighted if someone would explain to me why we aren't talking more seriously about shared equity home mortgages in the U.S. How is it -- especially given the ongoing onslaught of awful housingdata -- that we can continue to pretend that lower rates solve the fundamental mispricing problem in U.S. markets?
Rates don't do it.
Time is part of the solution, as is lower prices, of course, but a path to get from here to there likely includes lower principal on many loans and shared equity with lenders. Where is the discussion?
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