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The system is out of balance, because artificially low interest rates made it possible to buy artificially increasing home valuations.
Both the interest rates and the home valuations were being manipulated to jack up the insupportable rise of "liquidity" that a "home" is supposed to represent. Do you see how that could become a house of cards, but the builder believes one more card can be added? (Took that analogy to the limit).
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"You can't ignore politics, no matter how much you'd like to." Molly Ivins - 1944-2007
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