[lbo-talk] Obama defends Republic workers

Doug Henwood dhenwood at panix.com
Mon Dec 8 04:25:04 PST 2008


On Dec 7, 2008, at 11:14 PM, Joseph Catron wrote:


> What does the depreciation
> of a home's value have to do with its owner's ability to continue
> mortgage payments?

It lowers the willingness, not the ability.



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