[lbo-talk] Re: a question about a housing bubble argument

Doug Henwood dhenwood at panix.com
Thu Aug 4 11:05:39 PDT 2005


Jim Devine wrote:


>But this last stage does not seem
>possible in the housing market, since it takes a lot of money to
>enter.

Not these days - all you need to get a mortgage these days in the US is a pulse. No down payment required, special low teaser rates, etc.

Doug



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