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Home>Ordinary Outcomes of Extraordinary Recklessness

Ordinary Outcomes of Extraordinary Recklessness

Perspectives Content Submission

Mon, 15 Mar 2010

"Not only are new buyers taking out bigger mortgages, but existing owners have increased their mortgages to turn capital gains into cash which they can spend. Housing booms tend to be more dangerous than stock market bubbles, and are often followed by periods of prolonged economic weakness. A study
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