Not exact matches
Savers / creditors load tangible capital assets and
real estate down with
debts that in many cases are not repayable
except by transferring ownership to creditors.
anything that is held as a store of value willingly can not be used to tie down the price level path (
except via strong modeling assumption likes the last period exchange of
real debt for
real goods in the FTPL for example).
Except that with a student loan, there is no
real estate securing
debt that can be sold to make the loans go away.
It had been almost a year since she was licensed and she had virtually nothing to show for it
except $ 20,000 in credit card
debt and a sinking feeling that she didn't have the skills for a
real estate career.
Europe's sovereign
debt problems and looming recession pushed most of the countries there -
except for a few such as Switzerland and Poland - off the map for
real estate investors.