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Bobby mainz
Bloomberg Television
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Comments by "Bobby mainz" (@bobbymainz1160) on "Housing Markets Are Bubbling All Over the World" video.
When tax rates are reduced, real estate marketers raise their valuation estimates. People can 'afford' more, they reason. This indicates that the affordability of goods and services for most Americans has not really changed. Following the 2008 financial crisis, market investors were permitted to purchase substantial portions of the homes that should have been purchased by regular Americans. Fewer and fewer Americans can now pay a mortgage or rent since they artificially inflated values to such an extent.
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