Qualified opinion

By Megan McArdle
Reader Dave Zigas, who works for BNY Mellon, writes in re real estate:

I think the old saw was "drive til you qualify." My impression is that the net distances have stayed the same; houses are sure getting more affordable, but qualifying for that loan is getting a tad tougher.

This article available online at:

http://www.theatlantic.com/business/archive/2008/11/qualified-opinion/4346/