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Refreshingly Simple Commercial Real Estate Implosion

12-21-07 • Michael Shedlock / Mish

By the early part of 2007, loans were sometimes made for 120% of a property's value. Who would be so crazy as to lend more than the property is worth. Anyone who believes in perpetual-motion-machines...

www.universityofreason.com/a/29887/KWADzukm

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