Economy

I've now lived in my professional life through a few of these economic downturns.
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It always seems to have some roots in easy credit, then when things tighten up, the assumptions that you made when obtaining the credit dissolve leaving you holding the bag. When you are riding high, it's hard to imagine that it can turn... but it can!!
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Unless you are borrowing for income producing assets, credit can be a dangerous thing. I feel bad for people facing foreclosure, and those looking to invest in foreclosed properties deserve all of the bad karma that they receive.