Market Currents
Thursday, November 5, 2009
2:50 PM
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The wealthy don't enjoy the same political support as everyone else, and that's why high-end homes have a ways to go to the bottom, says Pimco's Scott Simon. As Congress approves credits for first-time homebuyers, he says, banks are looking for ways to avoid qualifying high-end buyers, or charge them hefty fees.
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<<What crap that the wealthy don't have political support.>>