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Thread: Can property tax ease the high housing prices?
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[quote=CARLOS,419843]Paul, if I remember right you are a teacher, although now probably retired - as you inform - so what else could we expect than another lecture? ;=) "It is not a bubble if borrowers can finance their loans, if they can sell reasonably quickly without making a loss" The more I study the less I understand and the more I am beginning to think that the real possibility for a "bubble to burst" will be in the horizon when money is loaned to people who finally can not pay back and who have not a social network loaded with money to help him. Then the bubble would perhaps be social and lead to something as 1989, who knows. Oh, hell, don't mind about me, I am always painting the devil on walls... Carlos[/quote]
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