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January 26, 2009

Ritholtz: ‘Affordability Index’ is Worthless

 Rebutting Ritholtz on “Housing Affordability” The [Housing Affordability Index] as presently constructed is utterly worthless. It provides little or no insight into how affordable US Housing actually is. Further, what is omitted from the index is especially relevant to the problems occurring in the housing market today. The Index fails to account for — or...
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