Articles about the subprime market drive me crazy.
The fact is that the availability of subprime loans allowed more families with lower incomes to own homes than ever before. In fact, most of these home buyers still own their homes. numbers…
This fact was missed by Congress, missed by the media, and only lazily picked up by bloggers. The subprime market collapse is a tragedy for the families that are losing their homes, but it was a savior and wealth creator for many more.
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