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  1. Token Funder

    Huge article from Steve Keen on why prices are going to crash

    Finance is a problem for a lot of people. Not that getting finance itself is the problem....just getting it on the terms they are used to or think they are entitled to. I said here or elsewhere a long time ago that credit-tightening is a subtle thing. Everyone expects "marginal borrowers"...
  2. Token Funder

    Huge article from Steve Keen on why prices are going to crash

    Yep, lots of surplus stock and all the old tricks (which never went away, I might add) being ramped up, almost exclusively in the investment market. We're on to it, by the way ;) Said it before and I'll say it again: find your own properties, get your own valuations and ignore anyone whose...
  3. Token Funder

    Huge article from Steve Keen on why prices are going to crash

    Majority of refi/cash out deals crossing the desks of banks atm are coming in under borrower's "expectations". As a consequence and with no disrespect to MTR, I take all statements of the type " the property I bought last year is now worth x" with artery-hardening levels of salt. Additional...
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