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Wednesday, February 16, 2011

Housing To Zero? Bigger Down Payments, That's Why

The Wall Street Journal announces today that banks asking for larger down payments from buyers is another factor putting downward pressure on residential real estate.

As teenagers and younger adults would say:  Duh!

Crime, Politics and Policy (in other words, the honorable moi) theorized just as much several months ago in this October 2010 article.  If you've been following this blog, the Journal's page one story (link) will not be news to you.

Eric Dixon is a New York lawyer and strategic analyst who advises businesses, individuals and political organizations on legal, strategic, crisis management and organizational matters.  Mr. Dixon has practiced law for 16 years since graduating from Yale Law School in 1994.  Mr. Dixon is available for further comment via email at edixon@NYBusinessCounsel.com.

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