4 ms·
A lot of that overborrowing was to buy homes, a commodity which (according to conevtual wisdom) always increases in value. So yes, a lot of that overborrowing
by Anechoic 15y ago
A lot of that overborrowing was to buy homes, a commodity which (according to conevtual wisdom) always increases in value.
So yes, a lot of that overborrowing was for investment.