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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: John Vosilla who wrote (48712)1/4/2006 11:14:39 AM
From: GraceZ  Read Replies (1) of 110194
 
Never have people used their homes as an ATM so they can consume beyond their means.

The aggregate amount of money people have in RE is far higher than it was 5 years ago. If anything, the house is consuming their incomes and savings, not the other way around.
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