16.04.2012 - Denmark and USA housing bubbles’ have similarities
The main difference seem to be the real estate financing where Denmark HAD a stable financing of homes with fixed interest convertible annuities bonds. These loans were originally granted without respect to the debtors ability and willingness to pay: I you defaulted – you were foreclosed and the property sold off at 80% (the limit a building society or mortgage bank was allowed to finance) of your original purchase price...............................................Full Article: Source
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