2011-06-06npr.org

``Consider Minneapolis, with its 10 percent fall in home prices. Anyone who used the tax credit to buy a house worth $80,000 will have lost the full $8,000 of the tax credit, assuming the 10 percent decline is valid across all house valuations... But the top tier of houses lost only 4 percent of their value, the middle tier lost 9 percent, and the least desirable part of the housing stock lost 14 percent. Had you bought an $80,000 house in Minne-apolis, your house would likely have lost not $8,000 but at least $11,200, and probably more. ''


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