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re: Why were house prices going up like crazy during the housing bubble?
Posted on 9/19/17 at 3:41 pm to Langland
Posted on 9/19/17 at 3:41 pm to Langland
The government decided everyone deserved to be a homeowner. They encouraged and incentivized lenders to oblige.
They later found out that in fact, everyone does not deserve to be a homeowner.
They later found out that in fact, everyone does not deserve to be a homeowner.
1
Posted on 9/19/17 at 5:34 pm to ItNeverRains
Additionally banks/brokers decided everyone deserved a loan.
It didn't matter if they could pay it back because they weren't going to be ending up holding them.
It didn't matter if they could pay it back because they weren't going to be ending up holding them.
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