ST Alpha - "The rash of homeowners buying outside their means helped to precipate foreclosure-fest and thereby the housing bust. " (Reading a Post)

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The rash of homeowners buying outside their means helped to precipate foreclosure-fest and thereby the housing bust.

Posted by ty97 Oct 23 '08, 10:14

Which is what lead directly to the problem of valuation of the securities.

In theory, of course, you could have a finanical issue that has nothing to do with these owners. In the reality of this specific situation, the two are intricately joined.

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- The foreclosures were a direct cause for the decline in home values. - ty97 Oct 23, 10:23 1
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The rash of homeowners buying outside their means helped to precipate foreclosure-fest and thereby the housing bust.

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