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Originally Posted by Eisdrache
Is this actually true? I haven't followed the whole debacle in every avenue but that seems to me somewhat far fetched.
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On the housing market? Yeah, it's the truth.
Think "Capitalism the love story" touched on it, but the only one who bought in lots of property during the crash and prevented it from total collapse were properties vultures (the type Trump intended to do and could profit from). Just as their name. They were buying foreclosure properties from banks and maintain their values for reselling later. Otherwise the price would have dropped to even worse, and would lead to even higher mortgage truancy.
That's how the system works unfortunately ...