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Keywords:Real estate speculation 

Journal Article
Smart money or dumb money: investors' role in the housing bubble

To explain the historic housing boom and bust, most analysis has identified easy credit in the form of low interest rates, subprime mortgages, and relaxed qualifications for borrowers. But as Wenli Li explains, recent research suggests an additional factor: real estate speculation.
Business Review , Issue Q1 , Pages 21-26

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