TearsInRain
IE boogeyman
House flippers triggered the US housing market crash, not poor subprime borrowers
make flipping great again
make flipping great again
Housing Bubble Caused by Greedy Capitalists?
- Thread starter TearsInRain
- Start date
542thruNthru
Well-Known Member
Oh this thread has rickyb written all over it. Clear some room for all the tweets! 
DriveInDriveOut
Inordinately Right
i blame the dirty muggles
542thruNthru
Well-Known Member
You forgot the mud-bloods.
Can't wait for someone that has no idea what that is to call me a racist.
I don't care what it is. You're a racist.You forgot the mud-bloods.
Can't wait for someone that has no idea what that is to call me a racist.
1989
Well-Known Member
Yup, make way for tons of propaganda that he can't explain.Oh this thread has rickyb written all over it. Clear some room for all the tweets!
michael hudson, steve keen, dean baker all predicted the housing bubble. i would also check out william k black.
there was alot of banking fraud where they knowingly made loans to people who they knew couldnt pay them back, and then made bets against them.
also a system where you make loans to people will drive up prices creating a bubble.
bill clinton is responsible for deregulating the banking system.
the US economy is heavily financialized so perhaps this has something to do with it, i forget.
taking on debt is another way of making up for decades of stagnating wages.
the chief executives should have gone to jail, and the underwater loans should have been bailed out in essence written down to market value. but instead the bankers got off free and got bailed out with bonuses. the unemployment was unnecessary; the government could have done a federal hiring program comparable to what was done during the great depression when 10% of the economy was hired by government. some jobs that could have been created were infrastructure and green jobs. instead everyone was made to suffer on an inadequate welfare system which again, clinton is responsible for destroying.
many countries have housing bubbles again including US. the regulations were inadequate and good chance trump makes it worse. there will be another financial debt crisis.
there was alot of banking fraud where they knowingly made loans to people who they knew couldnt pay them back, and then made bets against them.
also a system where you make loans to people will drive up prices creating a bubble.
bill clinton is responsible for deregulating the banking system.
the US economy is heavily financialized so perhaps this has something to do with it, i forget.
taking on debt is another way of making up for decades of stagnating wages.
the chief executives should have gone to jail, and the underwater loans should have been bailed out in essence written down to market value. but instead the bankers got off free and got bailed out with bonuses. the unemployment was unnecessary; the government could have done a federal hiring program comparable to what was done during the great depression when 10% of the economy was hired by government. some jobs that could have been created were infrastructure and green jobs. instead everyone was made to suffer on an inadequate welfare system which again, clinton is responsible for destroying.
many countries have housing bubbles again including US. the regulations were inadequate and good chance trump makes it worse. there will be another financial debt crisis.
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try lending. the banks are supposed to be the experts on this.
1989
Well-Known Member
The US housing market is heating up. But is far from a bubble. eventually supply will catch up with demand, maybe by Q2 2019
i think 2 people i know already called it a bubble but ill check for others as well.
sailfish
Master of Karate and Friendship for Everyone
A combination of irresponsible borrowing AND lending. They are all to blame.
but not equally.
Catatonic
Nine Lives
Everyone is unique.
unique new york unique new york
Catatonic
Nine Lives
OK
