NOW THAT the season of finger-pointing over the home-loan crisis is in full swing, it’s a good time to take a look at how “house lust”, as author Daniel McGinn calls it, affected the property market.
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Home equity fell to about 48 per cent of total household real-estate holdings in the fourth quarter of 2007, the lowest level since the Federal Reserve started records in 1951
» How house lust turned it all to dust – Sydney Morning Herald, 12th April 2008