Real Estate Prices Don't Matter! It's the Trillions in Derivatives Failing WORSE Than Subprime Crisis!

Today, real estate is about brick and mortar and more about Asset Backed Securities and gigantic mortgages. Economies that become heavily weighted on real estate, tend to do very well in a boom, and when the market slides down, the city becomes a ghost town, quickly jumping ship.

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Pending home sales tumble to a 3-year low as housing ‘crisis’ worsens - MarketWatch
https://www.marketwatch.com/story/pending-home-sales-tumble-to-a-3-year-low-as-housing-crisis-worsens-2018-02-28
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