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honkydonkey

Uk’S Fake Housing Market Makes Fake Millionaires

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http://wolfstreet.com/2015/09/03/uks-fake-housing-market-makes-fake-millionaires/

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"All these incremental changes by government are market interventions designed to stop the inevitable happening. They are now unable to reverse out of this death spiral. It is clear, house prices are being driven up on dramatically lower volumes of sales supported only by financial devices that even paracitical bankers would be proud of engineering."

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