In a July 30 article you write: "Boston home prices on the rise!" based upon the widely respected Case-Shiller index. ("Boston house prices show some spring," July 30).
While your assertion is true, there is an important omission that should be identified in the article.
That omission? That Boston metro area home prices rose on the Case-Shiller index every year for the April-May time period since 1990. Perhaps that is why a number of experts cited in the article state that prices need to continue to show an increase before making the statement that prices will continue to rise.
Michael Malenfant, Arlington
The first guy has lost all his equity. The second guy gets to participate in Barney Frank's and Chris Dodd's great bailout plan. He negotiates his loan down to $360,000 and gets a lower fixed rate than the first guy since his new mortgage is subsidized by the Federal Housing Administration (read: the US taxpayer). He is rewarded for stupidity and lying.
Do I have this right? Is this still the USA we live in?
I have never in my life been more sickened by a piece of legislation than this one.
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