Battling SVN

So I’ve got SVN set up on my Mac. I can check stuff out locally using file:///<repo_path>. svnserve seems to be running, but I can’t check stuff out using svn://localhost/<repo>.

WTF am I doing wrong?

UPDATE: It seems like I’ve got it working. The annoying thing is, I’m not sure why it works now. I changed something that shouldn’t have made any difference, and now it works…