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IPFS News Link • Housing

Housing Woes Bring a New Cry: Let the Market Drop

09-05-2010 • The New York Times

As the economy again sputters and potential buyers flee — July housing sales sank 26 percent from July 2009 — there is a growing sense of exhaustion with government intervention. Some economists and analysts are now urging a dose of shock therapy that would greatly shift the benefits to future homeowners: Let the housing market crash. When prices are lower, these experts argue, buyers will pour in, creating the elusive stability the government has spent billions upon billions trying to achieve.

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Reported By Richard Deyoung

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