[quote=Arraya]Getting a few thousand dollars for a home that is overvalued way beyond that amount is not a good deal.
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A large chunk of the housing stock is now reasonably priced. Granted, another chunk is still overvalued (by widely varying degrees). But so long as the credit (and I didn’t support extending it, by the way) is used to buy a reasonably-priced house… using the credit is not a bad deal for the buyer.
