Sentences with phrase «rampant real estate speculation»
Rising home prices led to rampant real estate speculation, and also fueled excessive consumer spending as people began to view their homes as a piggy bank that they could extract cash from to fuel discretionary purchases.
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This crisis was mainly the result of loose mortgage lending, which spurred rampant speculation and even fraud in U.S. mortgage securities and real estate.
«It's clear that rampant speculation on real estate is driving up prices in Vancouver.