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

To: John Vosilla who wrote (28897)	7/13/2011 10:42:24 AM
From: Jim McMannis	1 Recommendation Respond to of 119362

I agree. The residential housing bubble was a hundred times worse. It's been going on for 30-40 years but IMHO the Residential bubble started gaining momentum in 1996 (more tax breaks). Then more in 1999 (fannie freddie). Then with the dot com bubble out of they way plus Dumgreedspan lowering rates and keeping them there, sky was the limit. No politician would flush that punchbowl. They were all butt slapping instead. Including Bush...Dodd, Frank, McCain...ad infinitum. Even Obama got in on a shady RE deal.