Unformatted text preview: There is an abundance of houses now, so people are desperate to sell so they have to sell at a lower price. o In a market of people just buying and selling houses… o People finding greater fools than themselves to sell to… Why Mortgages? • No other worthwhile investments • Federal rate too low...
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- Spring '11
- Sociology, Subprime lending, Economic bubble, greater fool theory, relationship new mortgages, worthwhile investments Federal