| More than a year ago, while there have been sign that real estate developers are highly leveraged and their costs of borrowing were getting higher, we actually had relatively little idea on what the smaller guys were up to, particularly for those who are not listed on the market, except that we suspect it could be worse. Now pieces are falling into place.
For more than a year, I have been suggesting that a cooling real estate market would be triggered by highly-leveraged real estate developers who find themselves in trouble as they were over-aggressive in expansion...............................................Full Article: Source
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