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View Diary: Can a Small California City Take on Wall Street - And Survive? (298 comments)

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  •  This is very true. (4+ / 0-)
    so there's a benefit to entrenched interests to the detriment of future homeowners.
    But I think it's a benefit to those whose homes are underwater to the determine of those whose homes are not (whose home values will go down when mortgages get more expensive or harder to get) AND to the detriment of future homeowners who can't pay cash.  

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