Get Ready for another Housing crash thanks to Democrats

LV426 said:
The data has no partisan bent.

The bubble clearly started with Bush the Dumber:

350px-U.S._Home_Ownership_and_Subprime_Origination_Share.png
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Special pleading fallacy. Cherry picking fallacy.
 
Into the Night said:
Please reference the Housing and Community Development Act, passed under Carter in 1977.
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That's up to you to do that. I was just saying some link from 1995-on does not do that, nomsayin'?

You made the claim and he/she fell flat on their face with a failed debunking.

1995-on does not equal 1976-1980. :dunno:
 
LV426 said:
You're the ones who made errors.

The first error was to cut taxes.

The second error was to weaken regulations.

The third error was to tie the tax cuts to the weakened regulations.

Every single choice you clowns made during Bush the Dumber was fucking wrong.
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Non-sequitur fallacies. Trolling.
 
Nordberg said:
You have no idea how far out in right field you are. The only person who crossed the admins was Greenspan, who does bear some responsibility. But the crash was a banking problem. Politicians on both side were convinced of voo doo economics and bankers spin.
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Nope. It was caused by bad laws and easy money from the Fed.
 
Matt Dillon said:
That's up to you to do that.
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Nope. Only you can go bother to read the thing yourself. I don't do anyone's footwork for them.
Matt Dillon said:
I was just saying some link from 1995-on does not do that, nomsayin'?
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Yup. I know exactly what you are saying. A perfectly valid point.
Matt Dillon said:
You made the claim and he/she fell flat on their face with a failed debunking.
1995-on does not equal 1976-1980. :dunno:
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Also true.

If you want to see the contribution that Carter made to this mess, go read up on the Housing and Community Development Act, passed on 1977.
You will find it's CRA part 1.
 
Zillow says my real estate is 2.2 million. I owe 200K. I'm good with where we are at in R.E. thanks for asking.

God bless Obama and Biden!
 
MAGA said:
Making it easier for people that can't afford a home to buy.
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That is not what relieving a housing supply shortage does. It allows people who can afford to buy a house to buy a house where they are most economically efficient. It also allows people to rent where they are most economically efficient.
 
Matt Dillon said:
Why do you owe 200K? That's a smal fortune.
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As with anything, whether $200k is or is not a small fortune is a matter of perspective. Owing $200k on $2.2 million is really quite low.

If there really is high inflation, as you have claimed, then borrowing as much as we can at 4% is a very good idea. While the amount we owe increases at 4% a year, the amount in inflation adjusted dollars would decrease rapidly. But, I do not believe these claims as probably high inflation.

I paid off my entire mortgage, and now regret it. Having a low interest mortgage would have probably been smarter.
 
Into the Night said:
The purpose of the CRA was to require banks and mortgage lenders to make risky loans to people that couldn't afford the loan.
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Not at all, you don't know the first thing about the CRA.

The CRA had nothing to do with non-CRA lenders handing out risky loans.

Everything you are saying is wrong.
 
MAGA said:
Biden White House to unveil steps aimed at easing housing supply shortage

https://www.foxbusiness.com/politics/white-house-housing-supply-shortage-biden
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are you worried that the value of your trailer is going to go down?

I've read this crap and nothing in it is going to crash the housing market. There are way too many liberals fleeing California to crash the national housing market. Cali, on the other hand, is looking like it would be better off sinking in to the Pacific
 
Bush announced an ownership society and let the free market proceed to bundle debt, write undocumented shit loans with little down and yuge balloons, fraudulently rate the assets, so hedge funds
and banks were holding a bag of shit with millions of people in homes they couldn't pay for. So the market tanked. Tons of Bush era blame to go around. But it was Bush's economy.

Obama fixed that.
 
Walt said:
That is not what relieving a housing supply shortage does. It allows people who can afford to buy a house to buy a house where they are most economically efficient. It also allows people to rent where they are most economically efficient.
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but that is not what happens, poor money manager create headaches for everyone
 
SmarterthanYou said:
are you worried that the value of your trailer is going to go down?

I've read this crap and nothing in it is going to crash the housing market. There are way too many liberals fleeing California to crash the national housing market. Cali, on the other hand, is looking like it would be better off sinking in to the Pacific
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haven't lived in one for 40 years now, hope your box in the park works out
 
Into the Night said:
Inversion fallacy. It is YOU whining about your pathetic ability to earn money. Trolling.
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Fallacy fallacy. The fallacy fallacy occurs when the poster simply claims the other person is committing a fallacy in order to avoid addressing the argument and without explaining how the supposed fallacy they are claiming occurred.
 
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