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The Lure of Real Estate

Horizontales
In September 2005, the Federal Reserve Bank of NY published an examination of the housing market that declared a housing bubble.
The phrase, “disaster _____”, refers to a bubble’s ability to erase prior histor.
All bubbles share the illusion of _____.
Housing markets are chronically susceptible to it
The introduction of this mode of transportation in SoCal played a role in a real estate frenzy
Verticales
Mortgages that allowed to purchase a home beyond their financial reach
President who signed the American Dream Downpayment Act
Encouraged home buyers to take out adjustable-rate mortgages, which offered.
The actions of participants in the housing bubble through the theories of Robert Lucas
Rising prices create more demand, which leads to _____ prices.