Academic

MEGAN MCARDLE: How Much House Can I Afford? Generally, it?s less than the realtor says you can. A?

By Glenn Reynolds

MEGAN MCARDLE: How Much House Can I Afford? Generally, it’s less than the realtor says you can. And the bank: “It’s frightening to know that the above calculations, which don’t seem too stringent, are far, far tighter than those used by our relatively sober credit union. We McSudermans may be a fiscally conservative people, but we Americans clearly still aren’t.”

Full post as published by Instapundit.com on August 11, 2010 (boomark / email).