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i think people don't think about how easy access to loans/funds inflates the price of a good. banks were falling over themselves to give people money, and realt
by jonhohle 18y ago
i think people don't think about how easy access to loans/funds inflates the price of a good. banks were falling over themselves to give people money, and realtors were happy to take as much of it as they could; if no one has $500,000 for a house, houses aren't going to cost $500,000.