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Debt is backed by assets, which were undercounted by this graphic. I'd be very interested to see the estimated value of residential real estate compared to the
by jackcosgrove 11y ago
Debt is backed by assets, which were undercounted by this graphic. I'd be very interested to see the estimated value of residential real estate compared to the derivatives market.
- DennisP 11y agoYes but if I get a mortgage, the amount of debt issued is equal to the amount of money I get by taking on that debt. The fact that the debt is secured by the real estate doesn't change that.