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

[Jim Devine]

even so, there are moving costs of all sorts. Buying a house is not a
decision taken lightly.

On 8/4/05, 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

-- 
Jim Devine
"I like work; it fascinates me. I can sit and look at it for hours."
-- Jerome K. Jerome.