Politics and Governance

The Subprime Crisis: What Happened and What Should Be Fixed?

According to the Case-Shiller Index, median housing prices doubled from 1987 to 2000 in major housing markets, including L.A., Miami, D.C. and San Diego. In less than half that time, from 2001 to 2006, housing prices in L.A. and Miami almost doubled, while prices in D.C. and San Diego shot up 1.5 times. Overall, nationwide […]

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