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Slowing Speculation: A Proposal to Lessen Undesirable Housing TransactionsPublication Date: 3/2/2012
By: O. Emre Ergungor, Senior Research Economist, and Thomas J Fitzpatrick IV, Economist
In the City of Cleveland, 8.2 percent of the housing stock sits vacant or abandoned, according to the U.S. Postal Service. In this environment, private investment in foreclosed properties may sound like...
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