4 ms·
While true, this misses the point of the article. What was the source of the air? The author claims cheap homebuyer credit and laxer lending requirements explai
by yojo 5y ago
While true, this misses the point of the article. What was the source of the air? The author claims cheap homebuyer credit and laxer lending requirements explains 90+% of the run up. They also claim this is non-obvious.
- coldtea 5y agoThey do claim it, but how is "cheap homebuyer credit" and "laxer lending requirements" non obvious? I call BS - especially since there have been warning spelling those exact issues out time and again...
- eliasmacpherson 5y agoPeople were a lot more economically illiterate before the GFC, and it was an awful lesson for a large section of the global population.