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... se price in the United States fell by 31%, and it took the United States 19 years to return to the level before the depression.
Before the Great Depression, the main source of housing loans was banks, usually with a term of thirty years. But compared with the allocation of bank liabilities (usually short-term), this period is too high. Therefore, general commercial banks require home loan borrowers to start repaying in about five to seven years, and this practice still exists today.
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