the Wealthy Canadian

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Entries Tagged as 'Real Estate'

Subprime Bailouts and the New Socialism

September 6th, 2007 · 4 Comments

It was a good run for a while there. Interest rates were low, housing prices were up (still are in most of Canada), mortgage-backed securities flourished as lenders lent to folks who would gladly pay more for a loan even though they could not afford it. The party is over, Americans are defaulting [...]

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Tags: Economics · Real Estate