Posts Tagged housing

Is it a home or part of the debt based banking system?

Today, Megan McArdle writes in Why Did We Divert So Much Capital into Housing? – Megan McArdle: Given that house prices are basically set by the size of the monthly payment that buyers can afford, rather than some deeper notion of intrinsic value, it’s hardly surprising that looser credit caused house prices to rise–nor that, in the wake of WorldCom, […]

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