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Housing bubbles are caused by people getting loans they can't support, and the incentives aligned so that the people approving the loans don't care whether the
by literallycancer 9y ago
Housing bubbles are caused by people getting loans they can't support, and the incentives aligned so that the people approving the loans don't care whether the borrower is able to pay it or not.
- ZenoArrow 9y agoIt's a good example of a problem that government regulation should solve. A market doesn't always regulate itself.