CSPAN2 Book Discussion On Dealing With China May 27, 2015
Expanding and now they could afford the home. That wasnt the case so if you look at the numbers come at people that were biting first time into the homes its not like they are rapidly expanding it been stagnant in real terms and that was true through 2000 as well so despite that stagnation the households are now biting more expensive houses and leveling up for because they didnt have the savings or incomes to buy the house so they were just able to borrow more and more and that was the only reason that they were increasing but that is not a sustainable situation and we saw that in 2008. The la...