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And despite all that, home prices did, in fact, go down during the 2008 recession. And while the government does -- as you point out -- establish policy that bi
by clipsy 3y ago
And despite all that, home prices did, in fact, go down during the 2008 recession. And while the government does -- as you point out -- establish policy that biases the market in favor of home prices increasing, the government does not protect home prices the way it protects Wall Street from bad investments.
- lotsofpulp 3y ago“Wall Street” investments go down in price too (in real and nominal terms). Many businesses fail and cause equity owners to lose money. Just like home (land) prices in certain parts of the country. But the prices in the overall market, just like “Wall Street” is backed (and juiced) by the federal government.