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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