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old ass prediction - tons of people have been saying the same thing -
this is the root cause of the downfall and the PRIME time to buy because alot of people will lose their homes due to balloon mortgages ...
Not only are new buyers taking out bigger mortgages, but existing owners have increased their mortgages to turn capital gains into cash which they spend. As a result of such borrowing, housing booms tend to be more dangerous than stock market bubbles and are often followed by periods of prolonged economic weakness.?
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