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What we define as a bubble is any kind of debt-fueled asset inflation where the cash flow generated by the asset itself - a rental property, office building, condo - does not cover the debt incurred to buy the asset. So you depend on a greater fool, if you will, to come in and buy at a higher price. ↗
I find, by experience, that the mind and the body are more than married, for they are most intimately united; and when one suffers, the other sympathizes. ↗
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