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Real Estate Market Will Stay "Savagely Unhealthy" For A Long Time | Logan Mohtashami

Forward Guidance

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The Credit Boom and the Job Loss Recession

In 2005 in 2006 2007 and 2008 credit started to get worse what I mean my credit getting worse is that people were filing for foreclosures and bankruptcies before the job loss recession. So again two very extreme different cycles on the credit cycle. After 2010 all exotic loan debt structures that were in the past were all gone so credit in a sense can't get really tight or loosen anymore it's just hovering at a very low level there's not much you could do there.

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