> the goal is that 90% of people should be homeowners yeah right - info welcome from those that read giant books on the 2008 credit events.. one thread in that

> the goal is that 90% of people should be homeowners yeah right - info welcome from those that read giant books on the 2008 credit events.. one thread in that is that it was a clumsy and heavy-handed, politics-origin set of decisions to make "sub-prime" mortgage rates available widely, in order to move the homeownership rates in the general population from sixty-something percent to the glory-lands of ninety-something percent. Well, in fact lending policy at scale did not do that, and as a side-effect the entire US and possible dollar-based credit system cracked at the base. The strongest economy in the world, actually almost did choke on credit. Meanwhile, a recent study echoed here on YNews said that "A million homes are being kept empty while housing costs soar" WSJ . How does one reconcile this?