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Business in Vancouver January 22-28, 2008; issue 952

Main reason for sub-prime mortgage crisis

Which, if any, of the following do you think is the main reason for the current sub-prime mortgage crisis in the U.S.?

 

Poor lending standards 70%
Interest rates 3%
Historically high rates of purchasing homes in the late ‘90s and early ‘00s 1%
Declining property values 2%
High government spending/debt 6%
High consumer debt 9%
Other 5%
None of the above 0%
Don’t know 5%

 

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