housing to devalue 40 to 60 percent, page-95

the reason why we have this housing bubble is because of unscrupulous lending in the first place

that is the thing that has forced up the prices

if people didn't have the money they couldnt pay the prices

talking to a somebody who lends money about the state of the housing market is asking for money

of course they will say everything is alright

They don't want to lose business

As Keen says debt has been growing now for 40 years

eventually things will need to deleverage