A silver lining
The housing slump might be bedeviling would-be sellers, banks, the economy and other countries, but it's "an unprecedented opportunity" for building affordable homes, The Dallas Morning News notes in a story about Habitat for Humanity.
The paper quotes Philip Wise, "former real estate executive and longtime visionary of Dallas Habitat."
"We can now acquire raw land, prepared lots and possibly finished homes from builders, investors and lenders cheaper than any time in the previous seven or eight years," says Mr. Wise, formerly an investment manager for Crow Holdings and a past owner of Dallas Infomart. "We'd like to double Habitat production in the big cities in the next four years."
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