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Originally Posted by brewer12345
The hell there wasn't! We had the greatest flood of the loosest mortgage money in the history of the capital markets. Heck, if you have a 720+ credit score you can still buy a house with no money down and skate (for a while) by making ~1% a year payments on the first lien note.
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Yeah, what I meant was that there hasn't been a huge increase in population growth or any fundamental change in demand.
No question that there was demand generated by both speculation and easy credit. Those factors are out of the picture now. Watch out below.
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