The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Smiling Bob who wrote (104072)	2/8/2008 1:00:02 PM
From: MulhollandDrive	Read Replies (1) of 306849

c'mon now scott...it's been that way forever.... banks have always been willing to give good terms to those who didn't need it...the credit bubble got as big as it did because anyone with a pulse was given loans (and yes every time you whip out that CC and make a purchase, it's a LOAN) THAT was an aberration brought on by 'securitization' and artificially low rates people with sketchy finances SHOULD pay higher rates, the lender is taking on higher risk what is happening now is that banks are being forced to revert to the historical norm.... lending practices that properly price in risk if we had stayed that course all along, we would not be in this mess

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