The Globe ran a “real estate chat”, yesterday, with Kimberly Blanton, their primary real estate reporter.
Fun, interesting, and educational chat.
I was surprised, however, by the following comment by Ms Blanton:
One of the primary reasons for the subprime mortgage problems was that first-time homebuyers unfortunately got into buying a house without understanding their mortgage.
I don’t think that’s accurate.
One of the primary reasons for the subprime mortgage problems was that first-time homebuyers took out loans they couldn’t afford to pay back!
That’s quite different.
More: Real estate chat transcript – Boston.com
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