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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: Earlie who wrote (33581)10/8/1998 6:27:00 PM
From: Ilaine  Read Replies (1) | Respond to of 132070
 
Hi Earlie:

>>>>>Japan is a perfect example,....real estate down 85% means that the former valuable collateral is now close to worthless.<<<<<

My understanding is that Japanese real estate values were a bubble, so how could the collateral ever have had value? During the Dutch tulip mania, they were using tulip bulbs as collateral, too.

Caveat emptor, or in this case caveat lender. As well as investor.

CobaltBlue