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Discussion and Debate
Discussion and Debate
Politics
American Politics
Trickle down theory, did it work?
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<blockquote data-quote="Braunwyn" data-source="post: 49227318"><p>I realize this was the case for some but from what I've been reading a good majority of people were refinancing to pay other debt (credit cars, vacations, etc). eta: I see you mention this!</p><p> </p><p></p><p>Afterward of what? I'm still not clear where an increased demand for homes comes in and how that correlates with refinacing to lead a blame towards actual home buyers.</p><p> </p><p></p><p>This makes sense.</p><p> </p><p></p><p>Great point. And again, I'm left with the feeling that people were lead astray and even swindled by folk that should have known better. Perhaps some did know better and didn't care.</p></blockquote><p></p>
[QUOTE="Braunwyn, post: 49227318"] I realize this was the case for some but from what I've been reading a good majority of people were refinancing to pay other debt (credit cars, vacations, etc). eta: I see you mention this! [COLOR=black][FONT=Verdana][/FONT][/COLOR] Afterward of what? I'm still not clear where an increased demand for homes comes in and how that correlates with refinacing to lead a blame towards actual home buyers. [COLOR=black][FONT=Verdana][/FONT][/COLOR] This makes sense. [COLOR=black][FONT=Verdana][/FONT][/COLOR] Great point. And again, I'm left with the feeling that people were lead astray and even swindled by folk that should have known better. Perhaps some did know better and didn't care. [/QUOTE]
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Trickle down theory, did it work?
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