Housing is a mal-investment when the resources necessary to construct a house could be put to more productive means. We don't have anything resembling a housing crisis in the US -- we have an over abundance of housing which is why housing prices are falling.
I've never said leverage is inherently bad....I haven't said anything of the sort.
"Hoarding money" is money in a free-market does nothing other than increase the price of money, thereby encouraging greater lending.
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"It does not take a brain seargant to know the reason this team struggles." -- dmack24
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