Given the high-interest rate debt circle schemes being used to finance purchases, can it really only fall 10%? What, exactly, is there to arrest the fall? Once the rush to get out high starts, it isn't likely to cause a mere 10% blip in prices, especially when the buying clubs have to sell at any price to cover their interest. They won't be able to sell higher and cash out yet another mortgage. End of the gravy train.
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