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No. of Recommendations: 7
Without passing judgement on all of the suggestions in those articles, one thing I will say is we don't need easy credit as a solution to our problems. Easy credit is what caused the problem. Personally I think a 15% downpayment and clear proof of income are both appropriate any time a person is buying a major risk asset. It was completely misguided that the Federal government ever tried to make it a right of poor people to own their own real estate. That was never a riskless transaction for society.
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