Unrestricted mortgage equity withdrawal provides incentive for buyers to bid up house prices to create equity they can borrow and spend.
Bubble thinking is rampant, and the primary reason for its persistence is that people want the free spending money houses provide. The huge financial reward ...
Homes as ATMs made housing bubble and crash worse
Thursday, October 8, 2015
OCHN: Homes as ATMs made housing bubble and crash worse
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