Why Housing Is Still Hindering the Recovery

By mili   follow   Sun, 25 Nov 2012, 11:50pm PST   ↑ Like (3)   ↓ Dislike   325 views   0 comments   Watch (1)   Share   Quote  

Nearly 11 million Americans, or more than a fifth of homeowners, are buried in debt, owing more than their properties are worth after piling their life savings into their properties — a persistent and largely unaddressed problem that represents the missing link in what many economists consider the administration’s overall strong response to the recession.



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