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TV: Keen on the housing bubble

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Australian Broker | 24 Mar 2011, 05:00 AM Agree 0
Have you seen our most popular BrokerNews TV video to date? Find out what economist Steve Keen has to say about the housing bubble
  • Tony O | 24 Mar 2011, 01:24 PM Agree 0
    I would suggest to Mt Keen, that as a CEO of a financial institution, he may want to check his facts and calcs before suggesting $30.K will get you $970.K loan and enable you to buy at $1.Mil.
  • Mark | 25 Mar 2011, 12:59 PM Agree 0
    Steven is right!!! Late last year, I asked for a 500k mortgage and the bank offered a 870k loan?? I wonder why the bank thinks I can afford an extra $370.000 debt. I am glad I someone else did and my offer was refused.
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