Real Estate Prices Don't Matter! It's the Trillions in Derivatives Failing WORSE Than Subprime Crisis!
Today, real estate is about brick and mortar and more about Asset Backed Securities and gigantic mortgages. Economies that become heavily weighted on real estate, tend to do very well in a boom, and when the market slides down, the city becomes a ghost town, quickly jumping ship.
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Pending home sales tumble to a 3-year low as housing ‘crisis’ worsens - MarketWatch
https://www.marketwatch.com/story/pending-home-sales-tumble-to-a-3-year-low-as-housing-crisis-worsens-2018-02-28
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Underlying all of these ups and downs are trillions in derivative products. Forget about fundamentals. The derivatives will destroy the market.
In your opinion, will interest rate hikes collapse the housing market?
man you need to steem the report on iran dumping the dollar
I moved to a cheaper country with lower pay, life is much better.
Nice. Many people are doing that and are living much better lives!
Love your youtube channel, glad to see your active on Steem too. Keep up the good work.
Thank you! I definitely will keep supporting Steem. It's taking quite a while but I'm just about to hit 1000 subscribers on here which is great.