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Indeed, and countries such as Ireland, with very high levels of home ownership (often mortgaged to the hilt) are always going to have higher levels of private debt than countries where it is more normal to rent your home.

Index of Frank's Diaries
by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on Tue May 31st, 2011 at 12:53:42 PM EST
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