Letters to the Editor
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Important to consider the benefits of increased home ownership, but...
Is a % uptick in home ownership due to 'cheap' housing money worth a recession when the increased risk shudders through the economy? While it is important to acknowledge the upside of cheap loans (good borrowers get houses for cheaper), one should also be concerned about the downside as well. Dismissing those concerned about the ramifications of risky lending on such a large scale as anti-poor "credit snobs" is really quite silly.