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

Leigh Meyers leighcmeyers at gmail.com
Thu Aug 4 12:52:50 PDT 2005


On Thursday, August 04, 2005 11:05 AM [PDT], Doug Henwood <dhenwood at panix.com> wrote:


> 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
> ___________________________________
> http://mailman.lbo-talk.org/mailman/listinfo/lbo-talk

Tease? As in tease people who can barely afford one(or not) to go for it?

Do tell?

Leigh www.leighm.net



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