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Old 08-18-2009, 02:46 PM
trent trent is offline
Senior Member
Join Date: Jun 2008
Posts: 387

It looks like many fools are borrowing cheap money, hoping that the current super-low interest rates will last forever and will help inflate their over-leveraged property purchases even further. The rates will increase very soon, with all this crazy government borrowing, and even if they manage to suppress them for another year the real estate will be in the tank well before that (if you don't believe me look at the Japan's leading experience with artificially low interest rates).
No debt
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