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Barron's: Laing's Mortgage Relief Plan Could Actually Work

The downward pressure on prices is not adequately addressed by any of these schemes. Prices need to come down ON THE BOOKS OF THE BUILDERS! They are holding out for the handout. Time to index the viability of the assessed value with marketable rents.

Only then, are prices in line. Lower rates only delay the inevitable - and that's HOW WE GOT HERE!

No thanks!