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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (60657)	5/25/1999 6:16:00 PM
From: RealMuLan	Read Replies (1) of 132070

Correct me if I am wrong. The way I look at it is that Debt is real, they will never go down, while asset value is unrealized gain. So if real estate bubble, I think a lot of people agree there is one, bursts, then asset value will go straight down, and debt will remain the same, so ratio will increase. Or am I missing something here?

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