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

To: Broken_Clock who wrote (164600)	11/15/2008 1:39:51 PM
From: Elroy Jetson	Respond to of 306849

After Reagan "deregulated the savings and loan industry, creating the 1982-1990 real estate bubble, the bubble collapsed and prices decline to a level below long-term trend lines in 1996. In the late 1990s - if you had documented income and a 20% down-payment they'd just give you a mortgage, if your home appraised right. Imagine that. Post 9/11 all of these annoying requirements went away as new secondary markets were created for loans which violated every principle of lending. .