Saturday, August 7, 2010

Megan McArdle On Yet Another Incentive For People To Buy Houses They Can' Afford

It is stunning to me how blindly we walk toward the next cliff.  Giving people $1000 for a down-payment they cannot afford is folly.  We continue as a society to put far too much stock in real estate as an investment class.  Shelter should be the goal, not societal change.  Via Instapundit.

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