Real estate should rethink affordable housing
Perspective: Foreclosure crisis creates opportunity to focus on shelter
By Marcie Geffner, Monday, May 19, 2008.Bookmarking Sites
Experts may disagree on whether the Chinese characters for "crisis" can or cannot be equated to the words "danger" and "opportunity." But regardless of ancient-language etymology, the concepts of danger and opportunity are appropriate to today's housing crisis.
There's no doubt that the crisis has caused a lot of pain. Lenders and investors have lost their shirts. Realtors and mortgage brokers have lost their livelihoods. And home buyers, many of them first-timers or minorities, have lost their homes.
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