Parsing the Obama housing plan with Alvin Hall, Part Two
Takeaway contributor and personal finance whiz Alvin Hall has been helping homeowners dissect the Obama administration’s housing plan. Earlier we heard from Pamela Zombeck, a homeowner in Salem, Massachusetts who was struggling to pay her mortgage. Now we sic Alvin on a more complicated situation: the speculator, the guys who bought homes as investments and now have a lot to lose as mortgage payments escalate and housing prices fall. Scott Mintz of Los Angeles bought four homes and has a lot of questions for Alvin.
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