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Yes, and in the interim, their behavior overpaying worsened the housing crisis and further inflated the assets in the markets they operated in. They absolutely
by tristor 5y ago
Yes, and in the interim, their behavior overpaying worsened the housing crisis and further inflated the assets in the markets they operated in. They absolutely did (and continue to) contribute to the problem.
- acchow 5y agoBarely a drop in the bucket. But they did incur losses and are offloading their properties at losses. So wherever they did bid up properties, they are now providing discounts.