Here is a very dramatic chart of the current housing loans. As you can see in the last few years it has dramatically risen, and paving the way for what we could term a credit bubble 2.0 or a bubblette.
Even though the economy is in the shambles right now, the last 12 months for housing loans has been risen so dramatically even larger than it was in the middle of the housing boom several years back....so are we seeing the start of another property boom? Well.... things are starting to point in that direction.
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