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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: patron_anejo_por_favor who wrote (176945)1/14/2009 1:09:17 PM
From: tejekRead Replies (2) of 306849
 
>The spreads on mortgages are ridiculous and these banks should be forced to lend.<<

Umm, not to put too fine a point on it but isn't that precisely how the housing bubble got rolling in earnest? Got ownership society?

If we've learned just one thing from the housing bubble, it should have been that lowering lending standards is not the cornerstone of a prosperous society.

The problem now is not lowered standards but raised ones. The banks are making it very difficult to borrow. In fact, an argument can be made that they've gone too far the other way.
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