Market Mad House

In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche

Amalgamated Bank

Market Insanity

More Proof that a Real Estate Bubble is Brewing

A brokerage called ValueInsured is now selling something called +Plus, CNBC’s Realty Check reported. Unlike traditional mortgage insurance; which reimburses lenders, +Plus pays the buyer up to 20% of the home’s value or the down payment in case the property ends up underwater.

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