Federal Housing Funds For California May Have Limited Impact
5 September 2008 - 12:58pm
| Author: William Fulton
The state and federal governments are throwing a lot of “new money” at the housing market in hopes of stabilizing prices and bailing out subprime mortgage borrowers. For California alone, the total looks to be several hundred million dollars – at least – in the next year alone. But is that anywhere near enough to make a dent in the problem?
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