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: Lizzie Tudor who wrote (104969)	2/14/2008 11:41:23 AM
From: Hawkmoon	Read Replies (2) of 306849

I'm really tired of this "they're all corrupt" BS as a veiled apology for this administration. Just because you don't have the stamina to accept the truth, doesn't change the reality.. The currency of politics is money and influence peddling. Might I suggest adding a bit more caffeine to your diet?.. Or possibly focus on some intellectual fitness training to increase your objective analytical abilities. The foundation of this real-estate bubble lies in the policies that called for easing lending practices to low-income families, admittedly a noble cause that wins a lot of votes (just like the current idiotic push for Ethanol has rocked the agricultural commidities markets.) And increasing the supply of available consumers for houses naturally increased the demand for such housing, thus raising prices to unsustainable levels over the past 7 years. Used to be that you couldn't buy a house without putting down 20% collateral. And the banks which issued the loans, HELD THEM on their balance sheets. Now explain to me who was responsible for altering that practice? Hawk

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