Jurriaan Bendien wrote: > ... But surely ordinary people don’t do much financial leveraging and deleveraging.<
It's pointless to quibble about the meaning of terms. But in the US the housing bubble was partly based on "low money down" mortgages (leveraging), while after its popping, we see a cut-back in consumer borrowing combined with efforts to pay off or get out of existing debt (deleveraging). > ... The only thing most people can usually do, is use their owner-occupied home as a collateral and realize a capital gain from that, for example, by raising loans based on the increased value of their home in a booming housing market.... < exactly. -- Jim Devine / "Reality is that which, when you stop believing in it, doesn't go away." -- Philip K. Dick
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