4 ms·

I read through more of it after my comment. The real issue / culprit was the creative ways to get people into homes that could not afford them realistically -

I read through more of it after my comment. The real issue / culprit was the creative ways to get people into homes that could not afford them realistically - be it ARMs or X-year fixed loans.

Gibbon1 8y ago
Not being able to afford a home has everything to do with stagnant wages and asset inflation. That's a policy choice our society has made. Exotic mortgages and corrupt underwriting was just trying to paper over that.