Saturday, April 3, 2010

Beat the Press Archive | The American Prospect

Beat the Press Archive | The American Prospect

Does Anyone Who Writes on Housing for the NYT Know Arithmetic?

When people talk about plans to "help" homeowners they must (yes, I said "must") ask two simple questions:

1) Are the homeowners being "helped" paying less in mortgage and other housing costs than they would to rent a comparable unit: and


2) Are the homeowners likely to end up with equity in their homes?