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Financial Friday: Property Values, Equity, and Wealth
FF: Property Values, Equity, and Wealth
Do properties always go up in value? We talk about home values during recessions, the great financial crisis, and how the use of MBS and CDO's encouraged bad decisions. We also discuss how the government uses Bracket Creep to its advantage. We talk about assets and liabilities, and how equity isn't liquid but can be used effectively with tax advantages when funds are needed. We also talk about how a lot of people confuse cause and effect as well as how confidence can help you become competent.
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