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

To: Grandk who wrote (151065)	9/26/2008 7:52:32 PM
From: James Hutton	Read Replies (1) \| Respond to of 306849

Bullsh*t The only people who have tagged this as THE cause of the housing crisis are conservative republicans. I hear this crap all the time from those folks who didn't know the difference between subprime and prime rib until the party started pushing this. It is one of many causes that are attributable to both parties.

To: Grandk who wrote (151065)	9/26/2008 7:59:28 PM
From: Les H	Read Replies (1) \| Respond to of 306849

Were the agencies responsible for the current crisis? blogs.cfr.org

To: Grandk who wrote (151065)	9/27/2008 11:54:40 AM
From: Peter V	Read Replies (1) \| Respond to of 306849

In 2001, you could buy a starter house in my old neighborhood for 750K. In 2006, it was about 1.3M. Going back to Santa Monica, I sold my old house in 2001 for $520K. In 2006 it was probably 900K. These are hardly CRA prices or CRA neighborhoods. These aren't houses that people move into from CRA neighborhoods. Although CRA may be part of the picture, it is not the whole picture. Greed and stupidity by buyers at all levels of income got us here. Commercial and investment banks were only too glad to assist. And the funny thing is, when McCain sponsored the 2005 bill, the REPUBLICANS were in control of Congress. Yet that video blames the dems for killing it.