The Financial Collapse of 2001 Unwinding Message Board

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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding

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To: SirWalterRalegh who wrote (3704)	10/21/2019 8:35:44 AM
From: elmatador	Read Replies (1) of 13823

Mortgages devised for an old era Sir, times when families wanted a house. Kids growing would chip in money and eventually they could inherit the property. Folks were not that mobile, then, either. Retailers didn't like that. First people needed to save for the down payment, second those mortgage payments could not be used for consumption either. To solve that, Germany and Japan housing were made so expensive that very few people could afford. People were left with discretionary income an could buy lots of goodies and holidays packages. Once kids saw their parents life styles, the decided not to go through the mortgage and gave up building families. They wanted to just consume and go on holidays. Instead of get indebted in mortgages, being clever as they are, they got themselves indebted in students loans ! Here we are today, Only AOC and Bernie can save their derrieres now, my brother

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