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House flippers triggered the U.S. housing market crash, not poor subprime borrowers

Posted by   /  August 31, 2017  /  Real Estate  /  1 Comment

Mortgage rates

By Gwynn Guilford | Quartz The grim tale of America’s “subprime mortgage crisis” delivers one of those stinging moral slaps that Americans seem to favor in their histories. Poor people were reckless and stupid, banks got greedy. Layer in some Wall Street dark arts, and there you have it: a global financial crisis. Dark arts notwithstanding, that’s […]

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