Large high risk loans predicated on rising house prices
People had been taking out loans that were dangerously disproportionate to their incomes to buy houses in the expectation that a continuing upward trend in house prices would more than justify the costs and risks of the loans.
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The Global Financial Crisis »The Global Financial Crisis
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Bubble in US house prices collapsed »Bubble in US house prices collapsed
Large high risk loans predicated on rising house prices
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