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

To: Elroy Jetson who wrote (164597)11/15/2008 1:32:40 PM
From: Broken_ClockRead Replies (1) | Respond to of 306849
 
I recall as we worked our way out of the mid 90's slump that lending regs really started relaxing...

"2nd" home regs

1031 exchanges

lower DP

on and on ...fuel to the fire

My take is BC rode the tech boom and in his last year we were facing a similar fate as now. Most though GWB would ride the US down into a recession. But he and his cohorts managed to pump it up one last time.

Now there is no way out. Two presidents, two assholes, one great depression comin' right up.

Back to the Future with Billary Team and Barack.



To: Elroy Jetson who wrote (164597)11/15/2008 2:19:57 PM
From: ChanceIsRead Replies (4) | Respond to of 306849
 
Elroy you are over thetop some times. I am on record here this AM that Clinton set up the groundwork and W failed to stop it - even boasted the "ownership society" and 69% home ownership.

Yes the bubble occured under "W", but like a tea kettle, you have to supply a fire under the water to bring it from room temperature to boiling temp before it blows.


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