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What Goes Up And All That
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Uh oh. If you've thought that we're in a repeat housing bubble, well, for what it's worth, California's up-to-now red hot market is now starting to see a slowdown, with sales off and sellers having to cut their asking prices. Experts say they don't see an immediate danger of a collapse like the last time, but housing has just become too expensive, both in pricing and with mortgage rates going up. But remembering what happened the last time -- and noting that there really aren't safeguards in place to prevent another banking crisis, especially with the present administration and Congress' aversion to regulation of financial institutions -- are you concerned that the economy is poised for another, er, "correction"? (Los Angeles Times)
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