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also had a little to do with Greenspan's loose fiscal policy and lack of regulation on Wall St which lead to an increased appetite for crappy paper to feed the CDO machine.
wasn't greenspan.... it was Cisneros and Cuomo under Clinton
the point is a house that cost 5k to build and sell in 1950...(ie your standard 1400sf levit house)...should not be costing 500k today....(or back in 05)
who controls the housing requiremnts....hud....fha...fannie/Freddie
seems you are the one who only sees things from one side
again you literally show you have no idea....the fact that you ask that question shows you have no clue...but keep going on with your theories...if you don't understand the role fiscal policy, interest rates, and Wall street/CDO appetite/lax regulations played in the issue then you don't belong in the discussion.
uhm...the economy fell in 08/09...why liberal policies...and the liberal housing bubble was only PART of it
but it certainly looked good in 05...stockmarket hit its record high of 14k in 07
It really does look like hard work to engage in the mental gymnastics you're putting on to avoid the facts here....your argument is that housing prices need to fall- my question was what happened to economy when they did fall last time in 07-09 and your response is that the economy was fine in 05....good to see I'm having a discussion with an adult here...
I think what the Pubs want to do is balloon the deficit with this "tax plan" of theirs.
And then use the huge deficit they created as the lever to cut back on all kinds of social programs that benefit working families.
They just hate Medicaid, Social Security, funding for daycare programs and anything else that gives a little relief to the working/middle class. Paul Ryan especially has a hard-on for those programs and wants more than anything to eliminate them entirely.
the point is a house that cost 5k to build and sell in 1950...(ie your standard 1400sf levit house)...should not be costing 500k today....(or back in 05)
It really does look like hard work to engage in the mental gymnastics you're putting on to avoid the facts here....your argument is that housing prices need to fall- my question was what happened to economy when they did fall last time in 07-09 and your response is that the economy was fine in 05....good to see I'm having a discussion with an adult here...
there's a DIFFERENCE between getting housing down to a more reasonable level, than a crash like the Clinton crash of 08
the economy crashed NOT because of housing, housing was just a part of it
the liberal globalism of outsourcing jobs, along with the housing crash, along with raising the min wage in 07, along with putting china on a pedestal like Clinton did....
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