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
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housing to devalue 40 to 60 percent, page-95
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