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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: Live2Sail who wrote (149711)9/23/2008 10:03:59 PM
From: MulhollandDriveRespond to of 306849
 
you're making the moral hazard argument in spades...

and it's coming full circle...

gov't 'guarantees' got us into this mess, and 'gov't guarantees are going to get us out?

no, i don't think so



To: Live2Sail who wrote (149711)9/23/2008 10:19:12 PM
From: neolibRespond to of 306849
 
IMO, This market was not completely free

Of course, but it was pretty free, much freer than most countries. If anything, a freer market will have more extreme swings (booms and busts) while a more regulated one will be more stable, but at the expense of being more sluggish. That is the tradeoff.

IMO, a totally free market will tend towards a gamblers world, with fraud and all sorts of scams rampant, but, as Jefferson so correctly noted, it would be packed with the willing. There is a lure to booms.