Quote:
Originally Posted by darcane
When debt is cheap and easy to obtain, people try to take on way more debt than they should. This drives up demand for houses and inflates home prices. Add in a large dose of fraud and sketchy loans to get even more people into big loans and the housing bubble is further inflated.
...until it pops.
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You mean exactly like how its starting to happen all over again?
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1984 chevy suburban, custom made 6.5L diesel turbocharged with a Garrett T76 and Holset HE351VE, 22:1 compression 13psi of intercooled boost.
1989 firebird mostly stock. Aside from the 6-speed manual trans, corvette gen 5 front brakes, 1LE drive shaft, 4th Gen disc brake fbody rear end.
2011 leaf SL, white, portable 240v CHAdeMO, trailer hitch, new batt as of 2014.
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