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Homemania
By Bill McKim
eBook
$4.99
By Bill McKim
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A housing bubble book which explains why things happened, not just what people did. Shows how houses with a mortgage changed from a debt to an ATM machine, creating an investment with high rate of return and zero risk. This investment attracted investment capital away from wealth creating investments and toward wealth consumption, making the economy much poorer. Shows how this effect caused all of the "predatory lending", feckless regulation, and improvident bail outs. Housing bubbles canno...
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