U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > Nevada > Las Vegas
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 07-24-2019, 06:04 AM
 
543 posts, read 137,730 times
Reputation: 237

Advertisements

Probably true if you are referring to the stress test model.
Reply With Quote Quick reply to this message

 
Old 07-24-2019, 10:19 AM
 
4 posts, read 340 times
Reputation: 10
Makes no sense at all. Never ever will there be a recession?

Hows my policy. Get rid of the FED. Let the market be. I like the invisble hand theory.
Reply With Quote Quick reply to this message
 
Old 07-24-2019, 11:38 AM
 
Location: Lone Mountain Las Vegas NV
13,114 posts, read 4,944,893 times
Reputation: 5765
The role of HUD in the RE crash is virtually always overstated. We were there and watched it in the wildly overheated market that was Las Vegas.

The loans that caused the problem were virtually never low end. They were virtually all middle class and up.

They are interesting in that many if not most were clearly fraudulent and it left a document trail that made it easily provable. But virutally no one went to jail even with thousand of violators.
Reply With Quote Quick reply to this message
 
Old 07-24-2019, 01:09 PM
 
40 posts, read 11,964 times
Reputation: 78
For those who want to blame the average person for causing the housing crisis is equivalent to blaming someone from getting ecoli from a hamburger at Jack in the Box. Yeah, probably quite a few people stretched to get into a house, but when your not financially savvy and someone cold calls you or you are solicited for a mortgage and are told that you can’t lose money, everyone else is getting rich, so should you! Yeah, there is culpability on them but the mechanism for them to get financing was far more insidious.

https://economistsview.typepad.com/e...ng-bubble.html

There’s plenty of blame to go around on that chapter of our history. Politicizing it is poisonous and only makes us more divided as a country. Something we should not do if we actually want to solve the issues, instead of sniping and calling each other names. I’m worried about the country and planet my son is going to inherit - it’s not pretty.

Short story is a lot of people (Republicans and Democrats) got greedy and fat on making a **** ton of easy money. Not the first time it’s happened, it’s not going to be the last.
Reply With Quote Quick reply to this message
 
Old 07-24-2019, 01:20 PM
EA
 
Location: Las Vegas
6,203 posts, read 5,241,870 times
Reputation: 6894
Those people willingly signed up for a loan and failed to do their due diligence.
They take the bulk of the blame in my book.
Clinton changing the law to make banks give out more loans played a part. Banks obviously played apart.
Investors played a part.
Bush jr played a part as well bailing them out.
Everyone involved shares blame. But at the end of the day if the end user hadn't agreed to the loans none of it could have happened. Everyone got greedy and we all paid for it.
Reply With Quote Quick reply to this message
 
Old 07-24-2019, 02:24 PM
 
543 posts, read 137,730 times
Reputation: 237
Quote:
Originally Posted by EA View Post
Those people willingly signed up for a loan and failed to do their due diligence.
They take the bulk of the blame in my book.
Clinton changing the law to make banks give out more loans played a part. Banks obviously played apart.
Investors played a part.
Bush jr played a part as well bailing them out.
Everyone involved shares blame. But at the end of the day if the end user hadn't agreed to the loans none of it could have happened. Everyone got greedy and we all paid for it.
So, you certainly must agree we forgive all student loan debt.
Reply With Quote Quick reply to this message
 
Old 07-24-2019, 02:27 PM
 
543 posts, read 137,730 times
Reputation: 237
Quote:
Originally Posted by Frank Franks View Post
Makes no sense at all. Never ever will there be a recession?

Hows my policy. Get rid of the FED. Let the market be. I like the invisble hand theory.
One thing that is/will help greatly is European countries are beginning to see the light and put Trump-like leaders in power.
Reply With Quote Quick reply to this message
 
Old 07-24-2019, 02:47 PM
EA
 
Location: Las Vegas
6,203 posts, read 5,241,870 times
Reputation: 6894
Quote:
Originally Posted by Commander666 View Post
So, you certainly must agree we forgive all student loan debt.



No sir.
Reply With Quote Quick reply to this message
 
Old 07-24-2019, 02:47 PM
 
Location: The North
5,091 posts, read 9,119,423 times
Reputation: 4067
Quote:
Originally Posted by EA View Post
Those people willingly signed up for a loan and failed to do their due diligence.
They take the bulk of the blame in my book.
Clinton changing the law to make banks give out more loans played a part. Banks obviously played apart.
Investors played a part.
Bush jr played a part as well bailing them out.
Everyone involved shares blame. But at the end of the day if the end user hadn't agreed to the loans none of it could have happened. Everyone got greedy and we all paid for it.
What did we pay for it? Fannie/Freddie bailout made $60 billion in profit, TARP which caused such an uproar made $15 billion in profit, housing prices for almost everyone are higher than they have ever been, and more people are employed now than in the history of the country.

This is the investment world, some win and some lose. You can just add up all the losses that were incurred and act like that is all that matters. Sure some people lost a lot and you are right they should have done better due diligence and understood nothing is a sure gain. But that's not "all" paying for it.
Reply With Quote Quick reply to this message
 
Old 07-24-2019, 02:52 PM
EA
 
Location: Las Vegas
6,203 posts, read 5,241,870 times
Reputation: 6894
If you ignore the decade of loss, sure....
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply

Quick Reply
Message:


Options
X
Data:
Loading data...
Based on 2000-2016 data
Loading data...

123
Hide US histogram


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Nevada > Las Vegas
Similar Threads
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2019, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top