Selasa, 15 September 2009

No more housing ATM

From yesterday's Wall Street Journal:

Many ... Americans have been forced to accept that they'll be living in their current place for a long while, even if they'd planned to flip or trade up. While sales of low-cost housing are picking up, for many, a house is back to what it traditionally was: a long-term financial commitment, a sturdy shelter and a place to hang your hat.

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