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Chris Lydon's Radio Open Source had a show on the housing bubble: http://www.radioopensource.org/2005/07/27/the-beginning-of-the-end-of-the-bubble/. Here's one thing I said: People have started viewing their houses as gigantic ATMs. Take out a home equity loan, which the banks are eager to offer you, %u2026and all of a sudden you have an extra $70k to play with. You can put on an addition, you can go through the roof, you can take several trips to Hawaii, and still have large amounts of money l ... (more)
- link to Chris Lydon's Radio Open Source -
Last update: 08/04/2005