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A comment on Fearing Losses, Banks Are Quietly Dumping Real Estate Loans. Parent comment

Re:Fearing Losses, Banks Are Quietly Dumping Real Estate Loans by bcrosby95 on Monday June 24, 2024 @09:28PM (#40783293)
It really started with Greenspan's juicing the markets in the early '00s due to the dotcom bust and 9/11. We got a short reprieve after the 2008 crash. But the markets have been fucked up for a while now.

Arguably the '08 crash was bad long term too. As far as I've read, a lot of people got out of the industry after that, which made it even harder to build.

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Re:Fearing Losses, Banks Are Quietly Dumping Real Estate Loans by highcountess on Monday June 24, 2024 @09:37PM (#40783361)
He was juicing the real estate market before the aughts, and he was even warned before the aughts. There are clear indications and evidence that he did that with designs.
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Re:Fearing Losses, Banks Are Quietly Dumping Real Estate Loans by Zafira on Monday June 24, 2024 @09:48PM (#40783449)
I think the general consensus is that Greenspan was an ideologist and effectively a useless Fed chair since he didn’t believe in regulation. The only reason he was probably not ousted was because he had enablers with the added leverage that the economy was doing pretty well during his tenure.
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