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UK Has Run Out of Money


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Gee, the part of investment spending which has not recovered--housing and structures. Wonder why?

Because housing was incredibly over valued and over leveraged. Ask your parents if they ever thought a 2000 SF house on a fourth of an acre should cost over $1,000,000.00 like it did in Southern California and various other metro areas not too long ago.

 

Cheap money, bad laws, and poor oversight. Which of these has truly been fixed?

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