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The Man Who Called the Housing Crash Offers Advice

By Implode-Explode Heavy Industries

"hiller is professor of economics and finance at Yale, and co-founder and chief economist of MacroMarkets LLC. "It goes back to Alexis de Tocqueville, who in the 1830s found that homeownership in the U.S. was higher than in Europe, and he made something of that -- that Americans aren't under anyone's thumb. There's no landlord above them. They're property owners. And he thought that this created a different spirit in America. Ever since that, I think Americans have been aware of these differences, and wanting to promote it.""

Full post as published by Mortgage Lender Implode-o-Meter on April 16, 2010 (boomark / email).