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Message
re: WSJ: Wall Street Has Spent Billions Buying Homes. A Crackdown Is Looming.
Posted on 4/29/24 at 1:30 pm to Chucktown_Badger
Posted on 4/29/24 at 1:30 pm to Chucktown_Badger
quote:
The market and the people will always rectify a situation more quickly and efficiently, with less collateral damage, than the government.
Government certainly hoses things, but I simply don’t believe in the God of the Self-Correcting Market anymore. The housing crash of ‘08 should have taught you that.
1
Posted on 4/29/24 at 3:27 pm to DesScorp
quote:
Government certainly hoses things, but I simply don’t believe in the God of the Self-Correcting Market anymore. The housing crash of ‘08 should have taught you that.
The government largely created that bubble as well by forcing companies to give loans to undeserving people. And the fed keeping rates artificially low for so long.
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