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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: Wyätt Gwyön who wrote (14969)11/11/2003 5:52:54 AM
From: MicawberRead Replies (1) | Respond to of 306849
 
...you could have a lemonade stand that breaks even on $100 of sales a year, but if it was located in the right part of Tokyo, the banks might have lent you the equivalent of hundreds of millions of dollars

How do you service a loan of several hundred million dollars with sales of $100 per year? Did the banks allow interest to accrue?