Posted on 09/24/2009 8:49:37 AM PDT by Kartographer
Delays in dealing with home foreclosures are stretching out the pain for the U.S. housing market, as we reported in Wednesday’s Journal. That has stirred lots of debate over whether it is better for the nation to face the pain of millions of foreclosures immediately – to get it over with fast — or to draw the process out over several years in hopes that the economy and housing demand will recover.
It looks like we’re taking the latter course, for better or worse.
(Excerpt) Read more at blogs.wsj.com ...
You think? I imagine a similiar article will be written next year concerning the stimulus.
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