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Bubbles Bubbles Everywhere

March 19, 2008

The housing market bubble is a bit of a mystery to me. Why isn’t there also a car market bubble? After all most people buy cars they can’t afford by borrowing the money. However, used cars supposedly have a drop in price, while used houses don’t seem to have that problem. What’s the difference? Why aren’t there investors buying up a bunch of cars and then reselling them?

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From → Economics

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