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Reply #35: This is also the argument that has been used [View All]

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Home » Discuss » Topic Forums » Economy

SheilaT

(1000+ posts) Send PM | Profile | Ignore

Fri Dec-12-08 06:36 PM
Response to Reply #11

35. This is also the argument that has been used

to persuade people to take out the largest mortgage possible against the smallest possible,sometimes no, down payment. The assumption was that the value of the house would always rise. Always always always.

And see how that's working out right now.

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