
Sounds great, no?
Well, not really. The Associated Press reported three months ago that an average apartment in one still-dangerous area of Baghdad costs $400 a month. Home prices have doubled in the past year. If that kind of inflation continues, the seemingly generous payments would not count for much.
Meanwhile, the AP article continues, "in the U.S.-protected Green Zone, which houses the U.S. Embassy and Iraqi government offices, there are plans for luxury hotels, a shopping center and even condos."
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