[lbo-talk] "Save subprime borrowers, not bloated bankers" by Dean Baker

[ravi]

On 22 Aug, 2007, at 12:09 PM, Wojtek Sokolowski wrote:
> I am comparing one real life situation to another real life situation
> rather than to some imaginary bullshit cooked up by spin doctors.   
> My choice
> is to buy overpriced real property for about $250k or more at 6.5%  
> or more
> interest rate, or I can live in a coop paying under $600 a month  
> and have
> less that 4% of annual carrying charge increase.  In both cases, I  
> can stay
> in the premises in question until I die, if I so chose.
>
> So that is the real comparison for people like me - which are the  
> majority
> of the US population.

But is that true? You live in Baltimore, which if not as expensive as  
NYC or SF, is still a big city, and most people don't live in big  
cities, yes?

	--ravi