Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: combjelly who wrote (425689)	10/13/2008 8:14:26 PM
From: Tenchusatsu	Read Replies (1) of 1574275

CJ, > . Over the past couple of years, my house has appreciated a couple of thousand. It is just the type of house that was in mind for the CRA. Older, 1100 square feet or so. Well under $100k. My house isn't that much bigger, yet it was certainly a "McMansion" to the couple that sold it to us. The "easy money" problem spanned a broad range of housing markets, from low income neighborhoods to upper middle class. They all got inflated. Shouldn't be difficult to envision a low-income family getting "rich" off of CRA-influenced appreciation and moving into a middle class home. It happened all the time, at least around here. Net effect is that everything got inflated. Tenchusatsu

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