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Member since:
2011-01-28
deathshadow,
"Of course what really went wrong is the same thing that continues to trash the economy to this day: Credit and debt..."
Your right, and the worst part about it is that the transition away from cash towards debt & mortgages have raised prices substantially such that those of us who would have been able to afford a house with cash can no longer afford the mortgage inflated prices. Houses are so expensive these days that for most of us the decision is between taking a mortgage that spans our entire life, or not having a house at all. It's become a tax on the working class, one which the wealthy collect and don't have to pay themselves.