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Lower Down Payments To Boost Housing Recovery?
22:19:58 | 01/09/2010 - Source:
I recently read an article on CNBC where the author talked about Bill Gross's recommendation to lower the down payment requirements for people to purchase homes. Lower down payments would create another bubble followed by another burst. Lowering lending standards is not the way to boost the recovery of the housing market. Read why: Lower Down Payments Are Not Good For The Economy
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